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

A "Nearly" Pure Arb Opportunity: SK Holdings & SK Materials Stock Swap

SK Inc Merger: KOSPI 200 Passive Impact at the Close on November 28

SK Inc/SK Materials Merger: Approval Possibilities & Another Arb Opportunity with SK Inc Futures

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>The merger between SK Inc and SK Materials will officially end next Monday (December 27) with the listing of new stocks.</li>
<li>1,377,867 shares exercised appraisal rights. As a result, the number of new shares issued decreased to 3,789,032, pulling down the total shares to 74,149,329.</li>
<li>Passive flow-wise, we will likely see an outflow of about 0.15x ADTV at the close on the trading day (November 26) preceding the listing date.</li>
</ul>


The merger between SK Inc and SK Materials will officially end next Monday (December 27) with the listing of new stocks.
1,377,867 shares exercised appraisal rights. As a result, the number of new shares issued decreased to 3,789,032, pulling down the total shares to 74,149,329.
Passive flow-wise, we will likely see an outflow of about 0.15x ADTV at the close on the trading day (November 26) preceding the listing date.


SK Inc Flow Tracking for New Shares Listing on Dec 27