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

HMM: Material Improvement in Corporate Value Up Plan

HMM: Tender Offer of 8% of Outstanding Shares and Cancellation

POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won

Douglas Research Advisory

Event-Driven

<ul>
<li>On 17 September, HMM Co., Ltd. (011200 KS) announced the results of the tender offer.</li>
<li>Its two largest shareholders (Korea Development Bank - KDB and Korea Ocean Business Corp - KOBC) both participated in the tender offer.</li>
<li>With end of the tender offer, we believe there could be a renewed focus on the continued decline in the global shipping rates which is negative on HMM. </li>
</ul>


On 17 September, HMM Co., Ltd. (011200 KS) announced the results of the tender offer.
Its two largest shareholders (Korea Development Bank - KDB and Korea Ocean Business Corp - KOBC) both participated in the tender offer.
With end of the tender offer, we believe there could be a renewed focus on the continued decline in the global shipping rates which is negative on HMM. 


HMM Co., Ltd.

HMM: Results of the Tender Offer