In this briefing:
1. StubWorld: Young Poong Blows Out, Again
This week in StubWorld …
- Subsequent to a 5% decline this past two days, Young Poong Corporation (000670 KS)‘s 30.8% holding in Korea Zinc Co Ltd (010130 KS) accounts for an eye-watering ~200% of its market cap.
Preceding my comments on Young Poong are the weekly setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold – the $ value of the holding/opco held, over the parent’s market capitalisation, expressed as a % – of at least 20%.
