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

Let’s Get Real About the Odds of MBK Launching a New Tender for YPP

MBK's Korea Zinc & Young Poong Precision Tender Results Officially Out

Korea Zinc: Latest Stockholder Record for Proration Risk

Clepsydra Capital

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

Event-Driven

<ul>
<li>NPS is now viewing their voting rights on Korea Zinc purely from a returns angle, shifting from earlier expectations of siding with Choi due to political pressure.</li>
<li>We need a tendering strategy for a 20% proration risk, focusing on when MBK will buy that extra 3.7% stake to cut losses on untendered shares.</li>
<li>MBK will aim to buy leftover shares cheaply. Their approach depends on the progress of Choi and Trafigura's talks</li>
</ul>


NPS is now viewing their voting rights on Korea Zinc purely from a returns angle, shifting from earlier expectations of siding with Choi due to political pressure.
We need a tendering strategy for a 20% proration risk, focusing on when MBK will buy that extra 3.7% stake to cut losses on untendered shares.
MBK will aim to buy leftover shares cheaply. Their approach depends on the progress of Choi and Trafigura's talks


Need a Game Plan to Tackle Korea Zinc's Buyback Tender with a 20% Proration Risk