Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

SM Entertainment: Kakao's Tender Offer Proration Analysis

Hankook Technology Group:  Chairman's 2nd Son Takes Over But It Is Not Over Yet!

Elder Brother Cho Hyun-Sik Joins Hands With MBK Partners to Tender Offer Hankook & Co. Shares

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

Event-Driven

<ul>
<li>After market close on 15 December, MBK Partners raised the tender offer price of Hankook &amp; Company by 20% to 24,000 won, which is now 51.4% higher than current price. </li>
<li>With Cho Yang-Rae's recent acquisition of shares, Cho Hyun-beom, Cho Yang-rae, and related parties now own about 45.6% of Hankook &amp; Co, up from 42.9% previously. </li>
<li>MBK Partners has requested an official investigation by the FSS, claiming that Cho Yang-rae and HY have violated the Capital Markets Act by recently purchasing shares of Hankook &amp; Co.</li>
</ul>


After market close on 15 December, MBK Partners raised the tender offer price of Hankook &amp; Company by 20% to 24,000 won, which is now 51.4% higher than current price. 
With Cho Yang-Rae's recent acquisition of shares, Cho Hyun-beom, Cho Yang-rae, and related parties now own about 45.6% of Hankook &amp; Co, up from 42.9% previously. 
MBK Partners has requested an official investigation by the FSS, claiming that Cho Yang-rae and HY have violated the Capital Markets Act by recently purchasing shares of Hankook &amp; Co.


MBK Partners Raises Tender Offer Price of Hankook and Co to 24,000 Won