Goldlion Holdings (533 HK): An Unexpected HK Arbageddon
The Goldlion deal break was unexpected, and the HKEx merger arb rulebook will be rewritten. My estimated deal-break price is HK$0.953, 36.0% below...
585 Views
Canvest (1381 HK): 12th May Vote On Grandblue's Offer
This looks done. Trading at a 2.7%/19.9% gross/annualised spread. There is vote risk. But all Shanghai Industrial Holdings appears supportive. and...
811 Views
ENN Energy (2688 HK): This Is An Avoid
The Offer pivots on where the newly-listed H-shares trade. The IFA's assessment on the theoretical value of these H-shares is unrealistic.
525 Views
ESR (1821 HK) Chips Away At Pre-Cons
Four of the eight key pre-conditions are now in the bag. And irrevocable undertakings have also been bolstered. This is a done deal. It’s just a...
686 Views
Merger Arb Mondays (10 Mar) - Seven & I, Naigai, ESR, Soundwill, OneConnect, Goldlion, PointsBet
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
657 Views