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

KRX's Official SSF/SSO Reshuffle Results: Trading Considerations

KOSDAQ Global Rebalancing This Week: Trading Considerations

Clarifying BRV's Post-Block Deal Lockup Conditions Involving Ecopro Materials

Ecopro Materials: Potential Selling by Second Largest Shareholder Post End of Lockup Period in May

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

Clepsydra Capital

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

Event-Driven

<ul>
<li>May 17th, all eyes on EcoPro Materials for a buzzed-about lockup release. BRV Capital holds 24.5% stake, 17M shares. Lockup ends May 16th; they're free to sell off without constraints.</li>
<li>Apparently, they're eager to cash out, with a profit margin around 30 times and 7 years invested. Many at Yeouido bet they'll sell out once the lockup's over.</li>
<li>We might start building a shorting position with futures targeting this lockup release from April 22nd. This could stir up some weird backwardation, which could give us another trading opportunity.</li>
</ul>


May 17th, all eyes on EcoPro Materials for a buzzed-about lockup release. BRV Capital holds 24.5% stake, 17M shares. Lockup ends May 16th; they're free to sell off without constraints.
Apparently, they're eager to cash out, with a profit margin around 30 times and 7 years invested. Many at Yeouido bet they'll sell out once the lockup's over.
We might start building a shorting position with futures targeting this lockup release from April 22nd. This could stir up some weird backwardation, which could give us another trading opportunity.


May Lockup Release & April SSF Listing May Lead to Weird Trading Dynamics for Ecopro Materials