APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

Samsung Life Insurance / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/1970" target="_blank" data-smartkarma-citation="entities:1970:1">CJ Cheiljedang Corp (097950 KS)</a> is selling 2.9m shares of <a href="https://www.smartkarma.com/entities/510" target="_blank" data-smartkarma-citation="entities:510:1">Samsung Life Insurance (032830 KS)</a> worth approximately US$310m. This is a clean up trade for CJ Cheiljedang but CJ O Shopping still holds 0.5% in Samsung Life Insurance and will be subject to a lock-up period of 90 days.</p><p>The deal scores marginally positive on our framework owing to a strong earnings momentum which is partially offset by an expensive relative valuation. The macro environment seems favorable in the short term with Korea…</p>

CJ Cheiljedang Corp (097950 KS) is selling 2.9m shares of Samsung Life Insurance (032830 KS) worth approximately US$310m. This is a clean up trade for CJ Cheiljedang but CJ O Shopping still holds 0.5% in Samsung Life Insurance and will be subject to a lock-up period of 90 days.The deal scores marginally positive on our framework owing to a strong earnings momentum which is partially offset by an expensive relative valuation. The macro environment seems favorable in the short term with Korea…

Samsung Life Insurance Placement - Deal Is Likely Expected, Macro Environment Seems Favorable