ANE (9956 HK): Tempting Fate Through an Unchanged Share Alternative Cap?
The potential negative read-across from an unchanged share cap and uncertainty regarding CDH's stake have lowered my conviction. Safety first is...
277 Views
ANE Cayman (9956 HK): Q&A With The FA
I had a number of questions concerning the transaction, and managed to secure a one-on-one with the FA to the Offeror earlier today.
349 Views
ANE (9956 HK): Pre-Cons Satisfied. Possible Payment Early March
Clean deal. Vote risk appears low. Assuming early March 2026 completion, I'd pay up to ~HK$11.75/share for a ~15% annualised return.
315 Views
ANE (9956 HK): Precondition Satisfied
The vote remains low risk, as the offer is attractive. The de-rating of peers is also helpful. At last close, the gross/annualised spread was 5.5%...
335 Views
Merger Arb Mondays (24 Nov) - ANE, Dongfeng, ENN, Jinke, Shengmu, AUB, Digital Hldgs, Pacific Ind
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
461 Views