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

LG Chem Official ₩2.6T EB Issuance (1.6% of LG Energy SO): Details & Trading Considerations

LG Chem: To Issue Exchangeable Bonds Worth US$2 Billion

Samsung SDI (006400KS): Controversy on Battery Fire Impacting Reputation and Financial Performance

Clepsydra Capital

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

Event-Driven

<ul>
<li>This issue offers two trading opportunities. The first is the passive inflow resulting from an increase in the float rate. The second is the possibility of additional stake sales.</li>
<li>It will provide LG Energy with a passive inflow of 760K shares (₩426.4 billion), which is a significant passive impact at approximately 3.2x ADTV.</li>
<li>There would be further stake sales of LG Chem's shares in LG Energy. LG Chem plans to pursue additional stake sales targeting local institutional investors.</li>
</ul>


This issue offers two trading opportunities. The first is the passive inflow resulting from an increase in the float rate. The second is the possibility of additional stake sales.
It will provide LG Energy with a passive inflow of 760K shares (₩426.4 billion), which is a significant passive impact at approximately 3.2x ADTV.
There would be further stake sales of LG Chem's shares in LG Energy. LG Chem plans to pursue additional stake sales targeting local institutional investors.


Two Trading Opportunities from LG Chem's Stake Sale in LG Energy Solution