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Mandatory Block Deal Pre-Announcement Requirement in Korea Starting 24 July: Impact on Block Deals

1k Views10 Jun 2024 23:04
Starting 24 July, there will be a mandatory pre-announcement requirement for block deal sales in Korea. Potential block deal sales candidates include LG Energy Solution, Kakaopay, and SK IET.
What is covered in the Full Insight:
  • Introduction of new block deal pre-announcement requirement in Korea
  • Implications for leading Korean companies
  • Potential block deal sales candidates
  • Share price performance of potential block deal sales candidates
  • Major block deals that occurred in Korea in 2024
Boomeranged on Fri, 21 Jun 2024 14:23
According to Seoul Economic Daily, LG Chem has been tapping various institutional investors for a potential block deal sale of about 1 trillion won to 2 trillion won of LG Energy Solution ahead of the introduction of the mandatory pre-disclosure system for block sales starting 24 July. Due to differences in sales price, this block deal sale has been stopped for now, but it could happen later on.
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Douglas Kim
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