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

A Pop in Major K-Pop Stocks Driven by Potential Easing of Korean Contents Restrictions by China

HYBE Invests Additional 104 Billion Won in SM Entertainment - Why?

HYBE: Block Deal Sale of SM Entertainment

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Douglas Research Advisory

Event-Driven

<ul>
<li>On 27 May, HYBE announced that it will sell its 9.4% in S.M.Entertainment (2.21 million shares) for about 243 billion won (US$145 million) to Tencent Music Entertainment.</li>
<li>HYBE's sale of its stake in SM Entertainment is expected to take place on Friday (30 May) after the market close through an after hours block deal trade. </li>
<li>The block deal sale of SM Entertainment by HYBE to Tencent is likely to have a negative impact on SM Entertainment's shares mainly due to large share price discount (15.3%).</li>
</ul>


On 27 May, HYBE announced that it will sell its 9.4% in S.M.Entertainment (2.21 million shares) for about 243 billion won (US$145 million) to Tencent Music Entertainment.
HYBE's sale of its stake in SM Entertainment is expected to take place on Friday (30 May) after the market close through an after hours block deal trade. 
The block deal sale of SM Entertainment by HYBE to Tencent is likely to have a negative impact on SM Entertainment's shares mainly due to large share price discount (15.3%).


Tencent Music Entertainment Group (1698 HK)

HYBE to Sell Its 9.4% Stake in SM Entertainment to Tencent Music in a Block Deal Sale

S.M.Entertainment Co

HYBE to Sell Its 9.4% Stake in SM Entertainment to Tencent Music in a Block Deal Sale