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

MSCI Korea Feb IR: Stocks with Float Change (SK Square, SKIET, & HMM)

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SKT Split: Daily Trading Flow Before/After Trading Suspension

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 SK Telecom/SK Square relisting is around the corner, November 29.</li>
<li>This post summarizes <strong>1. Demerger overview, 2. Base price on the relisting date, 3. Index passive flow, and 4. Value accretion</strong>
</li>
<li>
<strong>ADS refund:</strong> SKT IR didn't disclose how many of the ADSs applied for a refund but confirmed that Citi would sell it within the scope of reducing the market impact.</li>
</ul>


The SK Telecom/SK Square relisting is around the corner, November 29.
This post summarizes 1. Demerger overview, 2. Base price on the relisting date, 3. Index passive flow, and 4. Value accretion


ADS refund: SKT IR didn't disclose how many of the ADSs applied for a refund but confirmed that Citi would sell it within the scope of reducing the market impact.


SK Telecom & SK Square Relisting Walkthrough on November 29