Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Backstory on the Hanmi Science Showdown & KKR's Likely Tender Offer

Clepsydra Capital

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

Event-Driven

<ul>
<li>The local market anxiously awaits the family's ability to pay by early May. Failure could prompt the Tax Service to sell their pledged stocks, including Hanmi Science shares.</li>
<li>Preventing Tax Service from selling Hanmi Science shares requires additional collateral, unlikely due to existing pledges. Rumor suggests mother and daughter may sell shares before May, followed by Tax Service.</li>
<li>Given negotiation uncertainty with KKR, it's crucial to prepare for potential failure rather than solely relying on success, necessitating a pragmatic approach.</li>
</ul>


The local market anxiously awaits the family's ability to pay by early May. Failure could prompt the Tax Service to sell their pledged stocks, including Hanmi Science shares.
Preventing Tax Service from selling Hanmi Science shares requires additional collateral, unlikely due to existing pledges. Rumor suggests mother and daughter may sell shares before May, followed by Tax Service.
Given negotiation uncertainty with KKR, it's crucial to prepare for potential failure rather than solely relying on success, necessitating a pragmatic approach.


Imminent Block Deals Involving Hanmi Science Shares Due to Inheritance Tax Payments