Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>It was reported that various members of the LS Group family/relatives sold a 6.3% stake in LS Eco Energy Ltd (229640 KS) for about 70 billion won in after-hours trading.</li>
<li>There is an increasing probability that this could lead to these insiders purchasing more shares of LS Corp to defend their controlling stake of the company from the Hoban Group.</li>
<li>Hoban Group is likely to have acquired more than 3% stake in LS Corp. If so, it can request to inspect LS Corp's books and convene a shareholders' meeting.</li>
</ul>


It was reported that various members of the LS Group family/relatives sold a 6.3% stake in LS Eco Energy Ltd (229640 KS) for about 70 billion won in after-hours trading.
There is an increasing probability that this could lead to these insiders purchasing more shares of LS Corp to defend their controlling stake of the company from the Hoban Group.
Hoban Group is likely to have acquired more than 3% stake in LS Corp. If so, it can request to inspect LS Corp's books and convene a shareholders' meeting.


LS Group Family Members Sold a 6.3% Stake in LS Ecoenergy - To Buy More Shares of LS Corp?

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

<ul>
<li>They’re making it easier to spot stocks benefiting from policy shifts. Lee Jae-myung’s camp is giving more detail upfront, with a focus on FuriosaAI and related listed stocks.</li>
<li>If cumulative voting passes, expect a pop in stocks with governance issues, activist interest, or large NPS stakes, like Hyosung affiliates, Doosan, HL Mando, and POSCO Holdings.</li>
<li>They also aim to give parent shareholders first crack at spun-off subsidiaries going public and require buyback cancellations, likely benefiting SK and LS Group affiliates, Samsung Electronics, and POSCO Holdings.</li>
</ul>


They’re making it easier to spot stocks benefiting from policy shifts. Lee Jae-myung’s camp is giving more detail upfront, with a focus on FuriosaAI and related listed stocks.
If cumulative voting passes, expect a pop in stocks with governance issues, activist interest, or large NPS stakes, like Hyosung affiliates, Doosan, HL Mando, and POSCO Holdings.
They also aim to give parent shareholders first crack at spun-off subsidiaries going public and require buyback cancellations, likely benefiting SK and LS Group affiliates, Samsung Electronics, and POSCO Holdings.


Lee Jae-Myung’s Camp Just Dropped Their Latest Market Stimulus Play

<ul>
<li>On 12 August, LS Corp (006260 KS) announced that it will cancel 1 million treasury shares (171 billion won), representing 3.1% of its outstanding shares.</li>
<li>This is significant, especially because the company has not cancelled any shares in the past five years. This move signals the company's willingness to provide greater returns to its shareholders.</li>
<li>LS plans to increase its dividend by at least 5% annually, to reach dividend payout of at least 30% by 2030.</li>
</ul>


On 12 August, LS Corp (006260 KS) announced that it will cancel 1 million treasury shares (171 billion won), representing 3.1% of its outstanding shares.
This is significant, especially because the company has not cancelled any shares in the past five years. This move signals the company's willingness to provide greater returns to its shareholders.
LS plans to increase its dividend by at least 5% annually, to reach dividend payout of at least 30% by 2030.


LS Corp: Treasury Share Cancellation of 171 Billion Won

Equity Capital Markets

<ul>
<li>KRX is set to spotlight Philenergy’s 2023 IPO as the model, pushing spin-off deals to reward parentco holders—like Philoptics’ move to hand out IPO shares.</li>
<li>Philoptics doubled pre-Philenergy IPO on crazy momentum, then round-tripped post-listing. Setups like this hint at bigger parentco moves ahead in future spin-off IPO plays.</li>
<li>SK Enmove IPO is scrapped; but SK Plasma (SK Discovery) still live; LS E-Link (LS Corp) also likely to be an early test case for the new parentco compensation framework.</li>
</ul>


KRX is set to spotlight Philenergy’s 2023 IPO as the model, pushing spin-off deals to reward parentco holders—like Philoptics’ move to hand out IPO shares.
Philoptics doubled pre-Philenergy IPO on crazy momentum, then round-tripped post-listing. Setups like this hint at bigger parentco moves ahead in future spin-off IPO plays.
SK Enmove IPO is scrapped; but SK Plasma (SK Discovery) still live; LS E-Link (LS Corp) also likely to be an early test case for the new parentco compensation framework.


KRX Virtually Locks In Parentco Payout Rules for Spin-Off IPOs

<ul>
<li>In this insight, we discuss a new catalyst on the share price of LS Corp (006260 KS) which is the purchase of its shares by the Hoban Group. </li>
<li>Hoban Group has recently purchased shares of LS Corp. Although the exact percentage of shares has yet to be made public, it is estimated to be less than 3%. </li>
<li>LS Corp could improve shareholder returns. Plus, the ongoing litigation between Taihan Electric Wire and LS Cable may be the real reason why Hoban decided to invest in LS Corp. </li>
</ul>


In this insight, we discuss a new catalyst on the share price of LS Corp (006260 KS) which is the purchase of its shares by the Hoban Group. 
Hoban Group has recently purchased shares of LS Corp. Although the exact percentage of shares has yet to be made public, it is estimated to be less than 3%. 
LS Corp could improve shareholder returns. Plus, the ongoing litigation between Taihan Electric Wire and LS Cable may be the real reason why Hoban decided to invest in LS Corp. 


Hoban Group Purchases LS Corp Shares - Is This a Hanjin Kal 2.0?

South Korea

LS Corp is a holding company, which operated subsidiaries including LS Industrial Systems, LS Cable, LS-Nikko Copper and LS Mtron.

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LS Corp (006260 KS)

LS Group Family Members Sold a 6.3% Stake in LS Ecoenergy - To Buy More Shares of LS Corp?

It was reported today that various members of the LS Group family/relatives sold a 6.3% stake in LS Eco Energy Ltd (229640 KS) for about 70 billion...

Douglas Kim

Lee Jae-Myung’s Camp Just Dropped Their Latest Market Stimulus Play

Lee admin just dropped the Commercial Act revamp timeline — full fast-track mode. All key items are in: fiduciary duty shift to shareholders, e...

Sanghyun Park

KRX Virtually Locks In Parentco Payout Rules for Spin-Off IPOs

This post breaks down how KRX has virtually locked in its playbook for rewarding parentco shareholders in spin-off IPOs.

Sanghyun Park

Hoban Group Purchases LS Corp Shares - Is This a Hanjin Kal 2.0?

Hoban Group has recently purchased shares of LS Corp. Although the exact percentage of shares has yet to be made public, it is estimated to be less...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

LS Group Family Members Sold a 6.3% Stake in LS Ecoenergy - To Buy More Shares of LS Corp?

It was reported today that various members of the LS Group family/relatives sold a 6.3% stake in LS Eco Energy Ltd (229640 KS) for about 70 billion...

Douglas Kim

Lee Jae-Myung’s Camp Just Dropped Their Latest Market Stimulus Play

Lee admin just dropped the Commercial Act revamp timeline — full fast-track mode. All key items are in: fiduciary duty shift to shareholders, e...

Sanghyun Park

LS Corp: Treasury Share Cancellation of 171 Billion Won

LS Corp announced that it will cancel 1 million treasury shares (3.1% of its outstanding shares). This move signals the company's willingness to...

Douglas Kim

KRX Virtually Locks In Parentco Payout Rules for Spin-Off IPOs

This post breaks down how KRX has virtually locked in its playbook for rewarding parentco shareholders in spin-off IPOs.

Sanghyun Park

Hoban Group Purchases LS Corp Shares - Is This a Hanjin Kal 2.0?

Hoban Group has recently purchased shares of LS Corp. Although the exact percentage of shares has yet to be made public, it is estimated to be less...

Douglas Kim