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

Who Will Buy The Carlyle Group's ADT Caps? At What Price? - Impact on SK Telecom & KT

Flashlight Capital Is Offering to Buy Samsung Group's 20.6% Stake in S-1 Corp

Flashlight Capital Goes Activist on SECOM (Overhaul Its Overseas Strategy)

Mandatory Tender Offer for All Remaining Shares in Korea - Lawmakers Trying to Make This Into Law

Douglas Research Advisory

Event-Driven

<ul>
<li>S 1 Corporation (012750 KS) announced outstanding shareholder return plans. The company plans to cancel all of its existing treasury shares (11% of its outstanding shares).</li>
<li>It also announced a tender offer of 450 billion won. Tender offer price is 99,000 won and the number of shares allotted is 4.545 million (12% of outstanding shares).</li>
<li>The combined share cancellation of existing treasury shares and the tender offer of additional shares should help to boost higher ROE, EPS, and higher share price.</li>
</ul>


S 1 Corporation (012750 KS) announced outstanding shareholder return plans. The company plans to cancel all of its existing treasury shares (11% of its outstanding shares).
It also announced a tender offer of 450 billion won. Tender offer price is 99,000 won and the number of shares allotted is 4.545 million (12% of outstanding shares).
The combined share cancellation of existing treasury shares and the tender offer of additional shares should help to boost higher ROE, EPS, and higher share price.


S-1 Corp: Tender Offer of 450 Billion Won & Treasury Share Cancellation of 11% of Outstanding Shares