Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

NHN Entertainment Invests in Ticket Monster - Implications for Softbank and Softbank-Backed Coupang

Korean Companies Announcing Share Cancellations Are Outperforming the Market

NHN Entertainment: A Turnaround Story Driven by Payco Mobile Payment Service (Part 1)

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

Event-Driven

<ul>
<li>After the market close on 9 August, NHN Corp announced that it will cancel treasury shares equivalent to 10% of outstanding shares in the next three years. </li>
<li>This is a tremendous management move to improve shareholder return policy. </li>
<li>A 10% share cancellation of outstanding shares is a major move and this is likely to result in a sharp appreciation of NHN's share price in the next several weeks. </li>
</ul>


After the market close on 9 August, NHN Corp announced that it will cancel treasury shares equivalent to 10% of outstanding shares in the next three years. 
This is a tremendous management move to improve shareholder return policy. 
A 10% share cancellation of outstanding shares is a major move and this is likely to result in a sharp appreciation of NHN's share price in the next several weeks. 


NHN: Cancellation of Treasury Shares Equivalent to 10% of Outstanding Shares Over Next 3 Years