Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Hanwha Machinery & Service Holdings / Event-Driven

Hanwha Machinery & Service Holdings (0220W0 KS)

<ul>
<li>In August this year, <a href="https://www.smartkarma.com/entities/hanwha-corporation" target="_blank" data-smartkarma-citation="entities:10619:1" rel="noopener">Hanwha Corporation (000880 KS)</a> spun off its its distribution, hotel, and food businesses, and robotics and semiconductor equipment businesses, under <a href="https://www.smartkarma.com/entities/hanwha-machinery-service-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:58718:1" rel="noopener">Hanwha Machinery &amp; Service (0220W0 KS)</a>.</li>
<li>The Kim family firmly controls HMSH via various entities, the largest stake held via Hanwha Energy (23.69%).</li>
<li>Now Kim Dong-seon (third son of Hanwha Group Chairman Kim Seung-youn) has launched a Tender Offer for 19% in HMSH, elevating his stake to 24.81%. The current spread is attractive.</li>
</ul>


In August this year, Hanwha Corporation (000880 KS) spun off its its distribution, hotel, and food businesses, and robotics and semiconductor equipment businesses, under Hanwha Machinery &amp; Service (0220W0 KS).
The Kim family firmly controls HMSH via various entities, the largest stake held via Hanwha Energy (23.69%).
Now Kim Dong-seon (third son of Hanwha Group Chairman Kim Seung-youn) has launched a Tender Offer for 19% in HMSH, elevating his stake to 24.81%. The current spread is attractive.


Hanwha Machinery & Service (0220W0 KS): Kim's Partial Is Worth A Second Look

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>Kim Dong-seon (third son of Hanwha Group Chairman Kim Seung-youn) has launched a tender offer of a 19% stake in Hanwha Machinery &amp; Service Holdings (0220W0 KS) (HMSH).</li>
<li>The tender offer is for 16.06 million common shares at 8,000 won per share, running from 12 October to 2 November. </li>
<li>I have a positive view on this tender offer and on HMSH whose share price fell excessively post split and Kim Dong-seon is trying to capitalize on this price decline.</li>
</ul>


Kim Dong-seon (third son of Hanwha Group Chairman Kim Seung-youn) has launched a tender offer of a 19% stake in Hanwha Machinery &amp; Service Holdings (0220W0 KS) (HMSH).
The tender offer is for 16.06 million common shares at 8,000 won per share, running from 12 October to 2 November. 
I have a positive view on this tender offer and on HMSH whose share price fell excessively post split and Kim Dong-seon is trying to capitalize on this price decline.


A Tender Offer of 19% Stake in Hanwha Machinery & Service Holdings By Kim Dong-Seon

South Korea

Hanwha Machinery & Service Holdings Co., Ltd produces mechanical equipment products. The Company manufactures general equipment and other products. Hanwha Machinery & Service Holdings also conducts shipbuilding, marine, aviation, and other businesses.

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Hanwha Machinery & Service Holdings (0220W0 KS)

Hanwha Machinery & Service (0220W0 KS): Kim's Partial Is Worth A Second Look

HMSH had fallen nearly 40% since its listing, promulgated by foreign investors exiting. Kim Seung-youn is taking advantage of that weakness. I'd...

David Blennerhassett

A Tender Offer of 19% Stake in Hanwha Machinery & Service Holdings By Kim Dong-Seon

Kim Dong-seon (third son of Hanwha Group Chairman Kim Seung-youn) has launched a tender offer of a 19% stake in Hanwha Machinery & Service Holdings...

Douglas Kim

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