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

Digging into the News Flow on KIS Jumping in as the White Knight for Choi in the Korea Zinc Deal

Young Poong Precision (036560 KS) Also Now Trading Through Terms

Korea Zinc's Latest Shareholder Roll & MBK's Triggers to Sweeten Tender Price

Trading Insights from Today’s Dramatic Developments in the Korea Zinc Event

Insights on the Odds of MBK Ramping up the Tender Price by 20%

Clearing up Legal Confusion on Counter Offers and Getting a Clear Read on the Korea Zinc Tender

Clepsydra Capital

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

Event-Driven

<ul>
<li>MBK’s funding plan for Korea Zinc involves using ₩1T from their 6th Buyout Fund and the rest via debt. This setup leaves room to potentially increase the tender price.</li>
<li>The key question is if there’s enough upside at this price. MBK’s silence on abandoning Youngpoong suggests they’re unlikely to fully bail on Korea Zinc even if the tender fails.</li>
<li>With MBK’s strategy leaked, institutions may hesitate, fearing less price drop risk, suggesting a proxy battle could heat up. We should consider spread trading and post-tender price moves.</li>
</ul>


MBK’s funding plan for Korea Zinc involves using ₩1T from their 6th Buyout Fund and the rest via debt. This setup leaves room to potentially increase the tender price.
The key question is if there’s enough upside at this price. MBK’s silence on abandoning Youngpoong suggests they’re unlikely to fully bail on Korea Zinc even if the tender fails.
With MBK’s strategy leaked, institutions may hesitate, fearing less price drop risk, suggesting a proxy battle could heat up. We should consider spread trading and post-tender price moves.


Main Takeaways from Today’s MBK Press Briefing About the Korea Zinc Tender