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

Hana Micron: Semiconductor Chips Packaging Company With Solid Fundamentals and FOMO Trading

Hana Micron's Boost From Samsung/Nvidia Agreement

Douglas Research Advisory

Event-Driven

<ul>
<li>Hana Micron Inc (067310 KS) announced its plan to split into Hana Semiconductor Holdings and Hana Micron (a newly established company).</li>
<li>Existing shareholders will receive shares of the two companies in equal proportions according to the split ratio which is 32.5% for Hana Semiconductor Holdings and 67.5% for Hana Micron.</li>
<li>We remain negative on Hana Micron. The valuation of the company remains stretched. In addition, there are increasing concerns about the company's new plan to split into two different companies.</li>
</ul>


Hana Micron Inc (067310 KS) announced its plan to split into Hana Semiconductor Holdings and Hana Micron (a newly established company).
Existing shareholders will receive shares of the two companies in equal proportions according to the split ratio which is 32.5% for Hana Semiconductor Holdings and 67.5% for Hana Micron.
We remain negative on Hana Micron. The valuation of the company remains stretched. In addition, there are increasing concerns about the company's new plan to split into two different companies.


Hana Micron: Split into Hana Semiconductor Holdings and Hana Micron