Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Hanssem Situation Checkup Amid a New Shareholder Return Policy

Hanssem Vs. Teton Capital Partners on Mandatory Tender Offer in Korea

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<p>One noteworthy news came out on Hanssem. One of Korea's local first-tier economic newspapers, Seoul Economic Daily, put out an exclusive report after the market closed on Monday, precisely at 4:50 pm local time. The report says that IMM Private Equity, which will acquire a 27.7% stake held by Hanssem's major shareholder, has decided to cancel Hanssem's treasury stock (26.7%) after the acquisition.</p><p><a href="https://signalm.sedaily.com/NewsView/22RMLWH489/GX1101" target="_blank" rel="noopener">Here is the link to the news report by Seoul Economic Daily.</a></p><div class="content-highlight"><p>Hanssem currently has <strong>6,274,504 treasury shares</strong>, representing <strong>26.66%</strong> of the shares outstanding.</p></div><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/232/124/original/1.png?1632755230" class="editor-image img-responsive" data-smartkarma-image-id="232124"></figure></section><div class="content-caption">(Source: FnGuide)</div><p>This news flowed into the market around 5 pm and made some impact in the after-hours single-price trading window. The share closed with a 0.84% gain during the regular trading hours and enjoyed an additional 3%p increase in the last 30 minutes of the after-hours single-price trading window. </p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/232/125/original/2.png?1632756022" class="editor-image img-responsive" data-smartkarma-image-id="232125"></figure></section><div class="content-caption">(Source: Shinhan HTS)</div><p>However, as the number of shares traded during this after-hours trading window was less than 3,000, it is still too early to accurately estimate the impact this news will have on the share price in the short term.</p>

One noteworthy news came out on Hanssem. One of Korea's local first-tier economic newspapers, Seoul Economic Daily, put out an exclusive report after the market closed on Monday, precisely at 4:50 pm local time. The report says that IMM Private Equity, which will acquire a 27.7% stake held by Hanssem's major shareholder, has decided to cancel Hanssem's treasury stock (26.7%) after the acquisition.Here is the link to the news report by Seoul Economic Daily.Hanssem currently has 6,274,504 treasury shares, representing 26.66% of the shares outstanding.(Source: FnGuide)This news flowed into the market around 5 pm and made some impact in the after-hours single-price trading window. The share closed with a 0.84% gain during the regular trading hours and enjoyed an additional 3%p increase in the last 30 minutes of the after-hours single-price trading window. (Source: Shinhan HTS)However, as the number of shares traded during this after-hours trading window was less than 3,000, it is still too early to accurately estimate the impact this news will have on the share price in the short term.

IMM PE Has Reportedly Decided to Cancel Hanssem's 26.7% Treasury Shares

Hanssem Co Ltd

IMM PE Has Reportedly Decided to Cancel Hanssem's 26.7% Treasury Shares