Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<div>
<p><a href="https://www.smartkarma.com/entities/sm-investments-corp" target="_blank" data-smartkarma-citation="entities:20015:1" rel="noopener">SM Investments (SM PM)</a> ("SMIC") currently holds a 30.49% stake in <a href="https://www.smartkarma.com/entities/2go-group-inc" target="_blank" data-smartkarma-citation="entities:22935:1" rel="noopener">2GO Group Inc (2GO PM)</a>.</p>
<p>On the <a href="https://edge.pse.com.ph/openDiscViewer.do?edge_no=021686f4a97bb8fd5d542af6f1e997b9" target="_blank" rel="noopener">18 March</a>, SMI entered into an SPA with KGLI-NM Holdings to acquire its 22.36% stake in 2GO. The transaction will result in SMIC’s shareholding in 2GO increasing to 52.85%. As the resultant ownership will be &gt;50%, this triggers a Tender Offer for the remaining 47.15% of shares out not held by SMIC.</p>
<p>The Tender Offer Price is ₱8.50/share or ₱8.447215 net of selling charges. The Tender Offer is now open and will close on the 21 April (unless extended with prior approval of the SEC).</p>
<div>
<p>2GO is illiquid, and currently trading through terms. If that is of no interest, look away now. It will save you time.</p>
</div>
</div>
<div>
<p>More below the fold.</p>
</div>


SM Investments (SM PM) ("SMIC") currently holds a 30.49% stake in 2GO Group Inc (2GO PM).
On the 18 March, SMI entered into an SPA with KGLI-NM Holdings to acquire its 22.36% stake in 2GO. The transaction will result in SMIC’s shareholding in 2GO increasing to 52.85%. As the resultant ownership will be &gt;50%, this triggers a Tender Offer for the remaining 47.15% of shares out not held by SMIC.
The Tender Offer Price is ₱8.50/share or ₱8.447215 net of selling charges. The Tender Offer is now open and will close on the 21 April (unless extended with prior approval of the SEC).

2GO is illiquid, and currently trading through terms. If that is of no interest, look away now. It will save you time.



More below the fold.


Philippines

2GO Group, Inc. is a Philippine logistics and transportation company that provides freight shipping, courier and parcel delivery, warehousing, inventory management, distribution, and passenger sea travel. The company operates a fleet of inter-island vessels across domestic routes in the Philippines. It was founded on May 26, 1949, as William Lines, Inc. in Cebu City, Philippines, and its headquarters are located in Pasay, Philippines.

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

2GO (2GO PM)

2GO Group (2GO PH): SMIC's MGO

Currently trading 5% through terms - adjusted for selling fees. Nothing to be done here otherwise, unless you have a strong opinion on the back...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)