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

Kum Yang's Wild Rights Offering Breakdown: A Potential Straight-Up Play for Arb Traders

Clearing up the FSS's Authority on Capital Increases in Korea: Korea Zinc & Kum Yang

Breaking Down the Details of Korea Zinc’s Shocking Capital Raise

Clepsydra Capital

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

Equity Capital Markets

<ul>
<li>The FSS's correction deadline still starts from October 17, giving Kum Yang until January 16 next year to get everything in order.</li>
<li>We should still be all over this, as the major shareholder likely won’t participate, flooding the market with stock rights and unsubscribed shares, creating a prime 25% discount opportunity.</li>
<li>Kum Yang needs even this 200-300 billion KRW, so cancellation seems unlikely. With the FSS deadline on January 16, they’ll likely submit the revised report mid to late next month.</li>
</ul>


The FSS's correction deadline still starts from October 17, giving Kum Yang until January 16 next year to get everything in order.
We should still be all over this, as the major shareholder likely won’t participate, flooding the market with stock rights and unsubscribed shares, creating a prime 25% discount opportunity.
Kum Yang needs even this 200-300 billion KRW, so cancellation seems unlikely. With the FSS deadline on January 16, they’ll likely submit the revised report mid to late next month.


Main Fact Checks on the Mix-Up Around Kum Yang’s Rights Offering Rollout