Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

IMM PE Has Reportedly Decided to Cancel Hanssem's 26.7% Treasury Shares

Hanssem Vs. Teton Capital Partners on Mandatory Tender Offer in Korea

Hanssem - Share Buyback Worth 60 Billion Won, Higher Dividend Payout, & Teton Capital Going Active

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

<ul>
<li>Hanssem announced a new shareholder return policy: 1. raised the minimum dividend payout ratio to 50%, 2. quarterly dividend starting next year, and 3. ₩60B worth of share buyback 
</li>
<li>
IMM PE needed a way to raise the share price for the acquisition financing. For this, it introduced a remarkably improved shareholder return policy, which is virtually the only card.</li>
<li>If the stock price does not rise as expected, the uncertainty issue of financing the acquisition may rise again above the water. It may then open up a shorting opportunity.
</li>
</ul>


Hanssem announced a new shareholder return policy: 1. raised the minimum dividend payout ratio to 50%, 2. quarterly dividend starting next year, and 3. ₩60B worth of share buyback 


IMM PE needed a way to raise the share price for the acquisition financing. For this, it introduced a remarkably improved shareholder return policy, which is virtually the only card.
If the stock price does not rise as expected, the uncertainty issue of financing the acquisition may rise again above the water. It may then open up a shorting opportunity.



Hanssem Situation Checkup Amid a New Shareholder Return Policy

Hanssem Co Ltd

Hanssem Situation Checkup Amid a New Shareholder Return Policy