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

Enbicon - Strange Case of Dragging Down NS Shopping Shares While Raising Harim Holdings Shares

Value Investing at Its Core (NS Shopping - 138250KS)

Equity Bottom-Up

<p>On 28th April, <a href="https://www.smartkarma.com/entities/22647" target="_blank" data-smartkarma-citation="entities:22647">Ns Shopping Co Ltd</a> announced that it plans to purchase a large piece of land (27,600 pyoung or 91,083 sq meter) located in Yangjae (Seoul) through its 100% owned affiliate NBICorne Ltd for 452 billion won. The land is located in an excellent location in the southern Seoul area next to a major highway. <a href="https://www.smartkarma.com/entities/22647" target="_blank" data-smartkarma-citation="entities:22647">Ns Shopping Co Ltd</a> and the Harim Group will use this land to construct logistics, R&amp;D center, and other retail outlets. <a href="https://www.smartkarma.com/entities/18976" target="_blank" data-smartkarma-citation="entities:18976">Harim Holdings Co Ltd</a> is the controlling shareholder of <a href="https://www.smartkarma.com/entities/22647" target="_blank" data-smartkarma-citation="entities:22647">Ns</a>…</p>

On 28th April, Ns Shopping Co Ltd announced that it plans to purchase a large piece of land (27,600 pyoung or 91,083 sq meter) located in Yangjae (Seoul) through its 100% owned affiliate NBICorne Ltd for 452 billion won. The land is located in an excellent location in the southern Seoul area next to a major highway. Ns Shopping Co Ltd and the Harim Group will use this land to construct logistics, R&amp;D center, and other retail outlets. Harim Holdings Co Ltd is the controlling shareholder of Ns…

Not Acting in the Best Interests of Equity Shareholders