Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

How NXT (ATS) Affects Event Pricing from a Microstructure Perspective

Samsung SDI (006400): When Is the Buying Opportunity?

Clearing Up the Confusion: Ex-Rights Trading in Korean Rights Offerings

Key Takeaways from the Updated Filing on Hanwha Aero’s Rights Offering

Revisiting Korea’s Local Rights Issue Arb Setup

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Equity Capital Markets

<ul>
<li>Samsung SDI kept the trading window open until May 12, not May 9 — so stock rights will trade for a total of six sessions.</li>
<li>If all shorts are closed by May 16, we can still subscribe. Spot hedging isn’t allowed, but outright shorts for pricing plays are fine.</li>
<li>Entry cost is effectively capped at 146,200 won, and it’s still very unlikely the final price exceeds that, so using it as the rights entry cap still makes sense.</li>
</ul>


Samsung SDI kept the trading window open until May 12, not May 9 — so stock rights will trade for a total of six sessions.
If all shorts are closed by May 16, we can still subscribe. Spot hedging isn’t allowed, but outright shorts for pricing plays are fine.
Entry cost is effectively capped at 146,200 won, and it’s still very unlikely the final price exceeds that, so using it as the rights entry cap still makes sense.


Samsung SDI Rights Trade Period & Short Ban: Quick Clarity