IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/spindex-industries-ltd" target="_blank" data-smartkarma-citation="entities:17868:1" rel="noopener">Spindex Industries (SPE SP)</a> IFA has opined that the Chairman and PrimeMovers Equity’s scheme offer of S$1.43 is fair and reasonable.</li>
<li>The offer is at the upper end of the IFA valuation range of S$0.71 and S$1.44. The offer is at adjusted NAV and is attractive compared to historical trading ranges.</li>
<li>The absence of a disinterested shareholder holding a blocking stake and moderate retail ownership reduces voting risk. This is a done deal.</li>
</ul>


The Spindex Industries (SPE SP) IFA has opined that the Chairman and PrimeMovers Equity’s scheme offer of S$1.43 is fair and reasonable.
The offer is at the upper end of the IFA valuation range of S$0.71 and S$1.44. The offer is at adjusted NAV and is attractive compared to historical trading ranges.
The absence of a disinterested shareholder holding a blocking stake and moderate retail ownership reduces voting risk. This is a done deal.


Spindex Industries (SPE SP): Scheme Vote on 18 December

South Korea

CHASYS Co., Ltd. manufactures and markets auto parts and equipment. The Company's products include front and rear suspension arms, axles, chassis members, oil pans.  CHASYS supplies its products to Daewoo Motors, Hyundai Motors, and Mahindra & Mahindra.

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Chasys Co Ltd (033250 KS)

Spindex Industries (SPE SP): Scheme Vote on 18 December

The offer is at the upper end of the IFA valuation range of S$0.71 and S$1.44. This is done. At the last close and for the 11 Feb 2026 payment, the...

Arun George

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