Lifestyle International (1212 HK)’s Wide Spread Heading into the 21 November Vote
Ongoing weak Hong Kong retail sales and peers’ slightly de-rating should lower the vote risk. Headcount test not applicable. While light, we...
606 Views
Lifestyle International’s Court Meeting on 21 November
The offer is light but there is no headcount test. No shareholder holds a blocking stake. At the last close, the gross spread to the offer is 9.6%.
343 Views
Lifestyle International’s HK$5.00 Privatisation Bid
The first case of controlling shareholders taking advantage of the upcoming removal of the headcount test for Cayman schemes. We would be buyers up...
564 Views
Last Week in Event SPACE – Toshiba, JA Solar, Hyundai Merchant, Hochtief, ASE
Last week, the announced capital raising resurrects Toshiba Corp (6502 JP); minorities should exercise a "Shanda" on the JA Solar Holdings Co (JASO...
506 Views
Belle International – Registering Changes
Last Friday, Belle International Holdings Limited (1880 HK)updated the market on the withdrawal of 540mn shares (6.4% of issued securities) from...
539 Views