In today’s briefing:
- Significance of The “3% Rule” In the Revision of the Commercial Act in Korea
- The Adani Factor: Creating India’s Biggest PVC Capacity
- Zhejiang Galaxis Pre-IPO Tearsheet
- Beijing Geekplus IPO Trading: Not Cheap but Strong Institutional Demand
Significance of The “3% Rule” In the Revision of the Commercial Act in Korea
- One of the most important changes in the revisions of the Commercial Act in Korea that was passed in the Parliament last week was the “3% rule.”
- In this insight, we provide details of this 3% rule and how it is likely to significantly impact the Korean equity markets.
- Major impact of the 3% rule is it is likely to shake up the BODs at many Korean companies. Many global activist investors will likely be more active in Korea.
The Adani Factor: Creating India’s Biggest PVC Capacity
- India’s PVC market faces high import dependency, reaching 63% in FY25, due to stagnant domestic capacity and a widening 3 MMT demand-supply gap.
- Adani and Reliance plan 2.5 MTPA domestic capacity expansion, bolstering production to reduce import reliance.
- This aims to cut import dependency from 63% to under 30% by FY27, narrowing the gap to 1.4 MMT, enhancing domestic profitability.
Zhejiang Galaxis Pre-IPO Tearsheet
- Zhejiang Galaxis Technology Group Co Ltd (1803536D CH) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by Guotai and CITIC.
- It is an intelligent intralogistics robotics expert dedicated to redefining supply chain operations through cutting-edge embodied robotics technologies.
- Its robotics portfolio covers the entire spectrum of intralogistics operations, addressing the core functions of storage, sorting and transport.
Beijing Geekplus IPO Trading: Not Cheap but Strong Institutional Demand
- Geekplus Technology (2590 HK) is looking to raise up to $300m in its upcoming Hong Kong IPO.
- It is a leader in the global autonomous mobile robots (AMR) market.
- We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.
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