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

Hanon Systems - A Rights Offering of 900 Billion Won

Hankook Tire & Technology to Become the Controlling Shareholder of Hanon Systems

Hankook Tire & Technology: M&A of Hanon System Falling Apart?

Latest Update on Hanon Systems Stake Sale: Consider Long Short Setup on Hankook Tire & Hanon

Block Deal Sale of Kumho Tire: More Shares Likely to Be Sold by Creditors

Douglas Research Advisory

Event-Driven

<ul>
<li>On 14 August, Hanon Systems (018880 KS) announced a potential rights offering capital raise. The exact amount will be finalized at the EGM next month. </li>
<li>The significant size of the rights offering is expected to burden its largest shareholder Hankook Tire &amp; Technology (161390 KS) which owns a 54.8% stake in Hanon Systems. </li>
<li>We believe the potential rights offering is likely to continue to negatively impact Hanon Systems by diluting its existing shareholders. </li>
</ul>


On 14 August, Hanon Systems (018880 KS) announced a potential rights offering capital raise. The exact amount will be finalized at the EGM next month. 
The significant size of the rights offering is expected to burden its largest shareholder Hankook Tire &amp; Technology (161390 KS) which owns a 54.8% stake in Hanon Systems. 
We believe the potential rights offering is likely to continue to negatively impact Hanon Systems by diluting its existing shareholders. 


Hanon Systems Announces a Major Potential Rights Offering