Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

<ul>
<li>EQT’s SPV is tendering ~18.16 mn shares (~60% of SO) at ₩120K/share, a ~25% premium to Feb 20, targeting full take-private after existing stakes and treasury are carved out.</li>
<li>Bump-Play angle: ₩120K price is stale from Nov 2025. Strong Q4 reset gives holdout institutions cover to say “no” and push for a higher valuation.</li>
<li>EQT faces a 95% delist clock; aggressive treasury cancellation risks litigation under the new Commercial Act, so expect more institutions than usual to chase a bump play.</li>
</ul>


EQT’s SPV is tendering ~18.16 mn shares (~60% of SO) at ₩120K/share, a ~25% premium to Feb 20, targeting full take-private after existing stakes and treasury are carved out.
Bump-Play angle: ₩120K price is stale from Nov 2025. Strong Q4 reset gives holdout institutions cover to say “no” and push for a higher valuation.
EQT faces a 95% delist clock; aggressive treasury cancellation risks litigation under the new Commercial Act, so expect more institutions than usual to chase a bump play.


Duzon Bizon’s Massive Tender Offer Drops Today: Checking the Bump-Play Dynamics

Douzone Bizon

Duzon Bizon’s Massive Tender Offer Drops Today: Checking the Bump-Play Dynamics