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

MBK's Korea Zinc & Young Poong Precision Tender Results Officially Out

Let’s Get Real About the Odds of MBK Launching a New Tender for YPP

Need a Game Plan to Tackle Korea Zinc's Buyback Tender with a 20% Proration Risk

Another Play to Consider: Spread Trading Korea Zinc Single-Stock Futures

MBK Rules Out Further Tender Price Hike for Korea Zinc, Game Plans Shift

Korea Zinc: Breaking Down the Cancel Risk with Specific Legal Provisions for Both Camps

Clepsydra Capital

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

Event-Driven

<ul>
<li>If NPS and passive funds each tender half, it could hit 24%, pushing investors to consider both sides. The market’s eyeing a ratio of about MBK 3 to Choi 7.</li>
<li>This tight vote could drag out the event longer than expected, and MBK might scoop up more shares if they miss their minimum target.</li>
<li>MBK will likely go for open market buys against Korea Zinc’s buyback. Consider tendering to MBK Monday and spread trading futures, or push Korea Zinc to raise their buyback offer.</li>
</ul>


If NPS and passive funds each tender half, it could hit 24%, pushing investors to consider both sides. The market’s eyeing a ratio of about MBK 3 to Choi 7.
This tight vote could drag out the event longer than expected, and MBK might scoop up more shares if they miss their minimum target.
MBK will likely go for open market buys against Korea Zinc’s buyback. Consider tendering to MBK Monday and spread trading futures, or push Korea Zinc to raise their buyback offer.


Korea Zinc: Latest Stockholder Record for Proration Risk