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

Shinsung Tongsang (005390 KS): The Family Reloads At ₩4,100/Share

Telcoware & Shinsung Tongsang Tender Offers: Minority Shareholders Demand Higher Tender Offer Prices

Shinsung Tongsang: Tender Offer Fails and How to Take Away Customers From Uniqlo

Fast Retailing (9983) | Buying Opportunity Ahead of Q2 Results

Tender Offer and Taking Private of Shinsung Tongsang

Shinsung Tongsang (005390 KS)'s Cheeky Delisting Offer

Douglas Research Advisory

Event-Driven

<ul>
<li>On 9 June, Shinsung Tongsang (005390 KS) announced a second tender offer after a failed attempt last year. Tender offer price is 4,100 won per share.</li>
<li>The tender offer price this time (second try) is much higher than recent prices, making it much more likely that the tender offer will be successful.</li>
<li>From 2019 to 2023, Top Ten's sales nearly tripled whereas Uniqlo Korea's sales declined by about 33% in the same period.</li>
</ul>


On 9 June, Shinsung Tongsang (005390 KS) announced a second tender offer after a failed attempt last year. Tender offer price is 4,100 won per share.
The tender offer price this time (second try) is much higher than recent prices, making it much more likely that the tender offer will be successful.
From 2019 to 2023, Top Ten's sales nearly tripled whereas Uniqlo Korea's sales declined by about 33% in the same period.


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