Mandatory Block Deal Pre-Announcement Requirement in Korea Starting 24 July: Impact on Block Deals

995 Views10 Jun 2024 23:04

Starting 24 July, there will be a mandatory pre-announcement requirement for block deal sales in Korea. Potential block deal sales candidates include LG Energy Solution, Kakaopay, and SK IET.

What is covered in the Full Insight:

Introduction of new block deal pre-announcement requirement in Korea
Implications for leading Korean companies
Potential block deal sales candidates
Share price performance of potential block deal sales candidates
Major block deals that occurred in Korea in 2024

Boomeranged on Fri, 21 Jun 2024 14:23

According to Seoul Economic Daily, LG Chem has been tapping various institutional investors for a potential block deal sale of about 1 trillion won to 2 trillion won of LG Energy Solution ahead of the introduction of the mandatory pre-disclosure system for block sales starting 24 July. Due to differences in sales price, this block deal sale has been stopped for now, but it could happen later on.

SUMMARY

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