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

New Rules for Mandatory M&A Offers in Korea: Woefully Below Global Standards But Better Than Current

Split-Offs in Korea: Amendment by FSC & Implications

Korea M&A Outlook in 2023: What's for Sale?

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

Korea M&A Spotlight: A Big Investment in S.M. Entertainment by Naver?

A Pair Trade Idea Between SM Entertainment & YG Entertainment (Aka "The Drugstore")

Clepsydra Capital

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

Event-Driven

<ul>
<li>The target is those who purchase 25% or more of the shares of a listed company and become the largest shareholder with management rights.</li>
<li>The minimum volume of a mandatory offer is [(50% of total shares + 1 share) - the management right purchase volume].</li>
<li>We will be exposed to pro-rata risk, so it will be essential to figure out the nature and propensity of the shareholder composition to estimate the tendering rate in advance.</li>
</ul>


The target is those who purchase 25% or more of the shares of a listed company and become the largest shareholder with management rights.
The minimum volume of a mandatory offer is [(50% of total shares + 1 share) - the management right purchase volume].
We will be exposed to pro-rata risk, so it will be essential to figure out the nature and propensity of the shareholder composition to estimate the tendering rate in advance.


Mandatory Offer Arrives in Korea: Detailed Rules & Trading Ramifications

S.M.Entertainment Co

Mandatory Offer Arrives in Korea: Detailed Rules & Trading Ramifications