In today’s briefing:
- Explaining the Whole SK Enmove IPO Delay Situation This Morning: SK Innovation Rights Issue Likely
- A Visit to Inspire Integrated Resort in Incheon, South Korea
Explaining the Whole SK Enmove IPO Delay Situation This Morning: SK Innovation Rights Issue Likely
- KRX’s move on SK Enmove this morning ramps up the odds of an SKI rights issue.
- Timing’s again the key — unlike POSCO Future M, this isn’t a clean setup. Word is SK may wait for H2 rate cuts and a more risk-on market backdrop.
- So, doesn’t look near-term — likely post-June once local tape firms up. Watch quirky local hot money flows that front-run moves like this.
A Visit to Inspire Integrated Resort in Incheon, South Korea
- I recently visited Inspire Entertainment Resort in Yeongjeongdo, Korea with my family.
- Overall, I was impressed with its modern, clean facilities, but despite its large size, there was a relative emptiness to the place that made it feel underutilized.
- The management rights of Inspire Resort were transferred to Bain Capital from Mohegan Gaming & Entertainment (MGE) in February 2025.
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