Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Clearing a Common Misconception — No Pre-Cover Needed in Hanil Stock-For-Stock Swap

Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (18 July to 1 August 2025)

Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (1 to 15 August 2025)

Korea M&A Spotlight: Ssangyong Cement Acquires Daehan Cement for 265 Billion Won

Hahn & Co Launches a Tender Offer on Remaining Shares of Ssangyong C&E

Korea M&A Spotlight: A Merger Between Hanil Cement & HLK Holdings

Tender Offer of Ssangyong Cement Preferred Shares by Hahn & Co

Douglas Research Advisory

Event-Driven

<ul>
<li>After the market close today (17 July), Hanil Cement Co Ltd/New (300720 KS) and Hanil Hyundai Cement (006390 KS) announced that they will merge.</li>
<li>Through this merger, Hanil Cement (on a combined basis with pro-forma sales of 1.74 trillion won in 2024) will become the largest cement company in Korea after Ssangyong Cement Industrial.</li>
<li>We expect this merger to have a positive impact on both companies and they are likely to outperform the market and other local cement producers this year. </li>
</ul>


After the market close today (17 July), Hanil Cement Co Ltd/New (300720 KS) and Hanil Hyundai Cement (006390 KS) announced that they will merge.
Through this merger, Hanil Cement (on a combined basis with pro-forma sales of 1.74 trillion won in 2024) will become the largest cement company in Korea after Ssangyong Cement Industrial.
We expect this merger to have a positive impact on both companies and they are likely to outperform the market and other local cement producers this year. 


A Merger Between Hanil Cement and Hanil Hyundai Cement to Become the #1 Cement Player in Korea