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Macquarie Korea Infrastructure Fund: Rights Offering of About 500 Billion Won

Macquarie Korea Infrastructure Fund: Rights Offering of About 500 Billion Won

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Douglas Kim
Aug 12, 2024
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Douglas Research Insights
Douglas Research Insights
Macquarie Korea Infrastructure Fund: Rights Offering of About 500 Billion Won
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  • Macquarie Korea Infra Fund (088980 KS) announced that it is proceeding with a rights offering capital increase of 500 billion won, which represents about 9.4% of its current market cap.

  • MKIF plans to use higher liquidity increase in the following main areas: Seoul East Underground Expressway - 215 billion won Acquisition of Hanam Data Center - 423 billion won

  • In the next 6-12 months, we believe MKIF has a solid chance of outperforming KOSPI (on combined capital gains/dividends basis).

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