Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/razer-inc" target="_blank" data-smartkarma-citation="entities:24380:1" rel="noopener">Razer Inc (1337 HK)</a> has <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0221/2022022100862.pdf" target="_blank" rel="noopener">announced</a> the remaining pre-conditions have now been fulfilled.</li>
<li>The next step is the Scheme vote, which may be held in early May, with possible completion in early June.</li>
<li>Despite SAMR approval last month, this transaction continues to trade wide to terms on concerns retail investors will disrupt the headcount test.</li>
</ul>



Razer Inc (1337 HK) has announced the remaining pre-conditions have now been fulfilled.
The next step is the Scheme vote, which may be held in early May, with possible completion in early June.
Despite SAMR approval last month, this transaction continues to trade wide to terms on concerns retail investors will disrupt the headcount test.


<ul>
<li>There are currently 47 - mostly firm - transactions currently being discussed and analysed on Smartkarma.</li>
<li>Three new deals were discussed this week: <a href="https://www.smartkarma.com/entities/guodian-technology-environment-group-corp" target="_blank" data-smartkarma-citation="entities:3941:1" rel="noopener">Guodian Technology &amp; Environment Group (1296 HK)</a>, <a href="https://www.smartkarma.com/entities/link-net-tbk-pt" target="_blank" data-smartkarma-citation="entities:1050:1" rel="noopener">Link Net (LINK IJ)</a>, and <a href="https://www.smartkarma.com/entities/g-j-steel-pcl" target="_blank" data-smartkarma-citation="entities:14759:1" rel="noopener">G J Steel PCL (GJS TB)</a>.</li>
<li>Keys updates took place for: <a href="https://www.smartkarma.com/entities/over-the-wire-holdings-ltd" target="_blank" data-smartkarma-citation="entities:30653:1" rel="noopener">Over the Wire Holdings Ltd (OTW AU)</a>, <a href="https://www.smartkarma.com/entities/razer-inc" target="_blank" data-smartkarma-citation="entities:24380:1" rel="noopener">Razer Inc (1337 HK)</a>, <a href="https://www.smartkarma.com/entities/china-logistics-property-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:22799:1" rel="noopener">China Logistics Property Holdings (1589 HK)</a>, <a href="https://www.smartkarma.com/entities/akm-industrial-co-ltd" target="_blank" data-smartkarma-citation="entities:7206:1" rel="noopener">AKM Industrial (1639 HK)</a>, and <a href="https://www.smartkarma.com/entities/ara-logos-logistics-trust" target="_blank" data-smartkarma-citation="entities:937:1" rel="noopener">ARA LOGOS (ALLT SP)</a>.</li>
</ul>


There are currently 47 - mostly firm - transactions currently being discussed and analysed on Smartkarma.
Three new deals were discussed this week: Guodian Technology &amp; Environment Group (1296 HK), Link Net (LINK IJ), and G J Steel PCL (GJS TB).
Keys updates took place for: Over the Wire Holdings Ltd (OTW AU), Razer Inc (1337 HK), China Logistics Property Holdings (1589 HK), AKM Industrial (1639 HK), and ARA LOGOS (ALLT SP).


Asia-Pac Weekly Risk Arb Summary: Razer, Link Net, ARA LOGOS, Guodian Tech, GJ Steel

<ul>
<li>There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma.</li>
<li>One new deal discussed this week - SASAC-backed Hubei Ports' tilt for <a href="https://www.smartkarma.com/entities/china-infrastructure-logis" target="_blank" data-smartkarma-citation="entities:16710:1" rel="noopener">China Infrastructure &amp; Logistics Group (1719 HK)</a>.</li>
<li>There were updates for <a href="https://www.smartkarma.com/entities/crown-resorts-ltd" target="_blank" data-smartkarma-citation="entities:808:1" rel="noopener">Crown Resorts (CWN AU)</a>, <a href="https://www.smartkarma.com/entities/razer-inc" target="_blank" data-smartkarma-citation="entities:24380:1" rel="noopener">Razer Inc (1337 HK)</a>, <a href="https://www.smartkarma.com/entities/australian-pharmaceutical-industries-limited" target="_blank" data-smartkarma-citation="entities:19399:1" rel="noopener">Australian Pharmaceutical Industries (API AU)</a>, <a href="https://www.smartkarma.com/entities/katakura-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:2007:1" rel="noopener">Katakura Industries (3001 JP)</a>, and <a href="https://www.smartkarma.com/entities/irongate-group" target="_blank" data-smartkarma-citation="entities:30897:1" rel="noopener">Irongate Group (IAP AU)</a>.
</li>
</ul>


There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma.
One new deal discussed this week - SASAC-backed Hubei Ports' tilt for China Infrastructure &amp; Logistics Group (1719 HK).
There were updates for Crown Resorts (CWN AU), Razer Inc (1337 HK), Australian Pharmaceutical Industries (API AU), Katakura Industries (3001 JP), and Irongate Group (IAP AU).



Asia-Pac Weekly Risk Arb Summary: Razer, Crown Resorts, Katakura, Ausnutria, API, Irongate

<ul>
<li>China's State Administration for Market Supervision has unconditionally approved <a href="https://www.smartkarma.com/entities/razer-inc" target="_blank" data-smartkarma-citation="entities:24380:1" rel="noopener">Razer Inc (1337 HK)</a>'s privatisation. </li>
<li>Provided all other regulatory approvals are obtained, the key condition to the Scheme completing is the shareholder vote. </li>
<li>Trading wide to terms on concerns retail investors could disrupt the headcount test.</li>
</ul>


China's State Administration for Market Supervision has unconditionally approved Razer Inc (1337 HK)'s privatisation. 
Provided all other regulatory approvals are obtained, the key condition to the Scheme completing is the shareholder vote. 
Trading wide to terms on concerns retail investors could disrupt the headcount test.


Razer Inc (1337 HK): SAMR Done. Now For The Vote

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>Vertex Technology Acquisition Corporation Ltd (VTAC) aims to raise around US$126m via Singapore’s first SPAC listing.</li>
<li>VTAC is sponsored by Vertex Venture Holdings (VVH), a wholly owned subsidiary of Temasek. </li>
<li>In this tear sheet, we will talk about the deal background and structure.</li>
</ul>


Vertex Technology Acquisition Corporation Ltd (VTAC) aims to raise around US$126m via Singapore’s first SPAC listing.
VTAC is sponsored by Vertex Venture Holdings (VVH), a wholly owned subsidiary of Temasek. 
In this tear sheet, we will talk about the deal background and structure.


Vertex Technology Acquisition Corporation Ltd Tear Sheet - Singapore’s First SPAC Listing

United States

Razer designs, develops, and sells gaming-focused computer hardware, other consumer electronics, and financial services. Its key products include high-performance gaming peripherals like mice, keyboards, and headsets, as well as Blade gaming laptops and software such as Razer Synapse and Chroma RGB. The company also offers payment services like Razer Gold and Razer Silver. Razer is dual-headquartered in Irvine, California, U.S., and Singapore, and was refounded in 2005.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Razer (1337 HK)

Razer Inc (1337 HK): Pre-Conditions Done

The key concern is that retail investors who bought at the IPO, will disrupt the headcount vote. I'd buy here, and buy up to $2.70/share or 4.4%...

David Blennerhassett

Asia-Pac Weekly Risk Arb Summary: Razer, Link Net, ARA LOGOS, Guodian Tech, GJ Steel

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Asia-Pac Weekly Risk Arb Summary: Razer, Crown Resorts, Katakura, Ausnutria, API, Irongate

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Razer Inc (1337 HK): SAMR Done. Now For The Vote

I think this has been oversold. Your downside to the undisturbed price is 17% versus 29% upside. I'd buy here, and buy up to ~$2.60/share or 8.5%...

David Blennerhassett

Vertex Technology Acquisition Corporation Ltd Tear Sheet - Singapore’s First SPAC Listing

Vertex Technology Acquisition Corporation Ltd (VTAC) aims to raise around US$126m via Singapore’s first SPAC listing. VTAC is backed by Vertex,...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)