Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

A Tender Offer to Purchase a 17.5% Stake in Hanwha Galleria by Kim Dong-Sun

Korea Small Cap Gem #23: Hanwha Galleria (Deep Value + Five Guys + Chairman's Son Buying)

Hanwha Galleria Tender Results Are in with No Proration Issue Despite a Fat Spread. What’s Next?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Examining the Severity of Proration Risk in the Hanwha Galleria Tender Offer

Douglas Research Advisory

Event-Driven

<ul>
<li>The tender offer period for Hanwha Galleria ended on 11 September. Its share price closed down 7.4% but still up 8.2% from its price prior to the tender offer announcement.</li>
<li>The local media accounts mentioned today that about 80-90% of the shares targeted in this tender offer have been filled.</li>
<li>If 90% of the tender offer is successful, Kim Dong-Sun's stake in the company will rise from 2.3% to 18.1%.</li>
</ul>


The tender offer period for Hanwha Galleria ended on 11 September. Its share price closed down 7.4% but still up 8.2% from its price prior to the tender offer announcement.
The local media accounts mentioned today that about 80-90% of the shares targeted in this tender offer have been filled.
If 90% of the tender offer is successful, Kim Dong-Sun's stake in the company will rise from 2.3% to 18.1%.


Kim Dong-Sun Likely to Purchase More Shares of Hanwha Galleria Post Tender Offer