Assessing Driver of Moats in Retail Shopping Centres
We view high quality shopping centres as benefiting from strong competitive advantages, and generally ascribe narrow economic moat ratings to...
416 Views
China Property / Debt - when Kaisa broke our Trust
Kaisa failed to make an interest payment due Jan 8 on $500 million of 10.25% dollar bonds (the first Chinese property company to default on...
502 Views
Beijing Capital Grand (1329 HK): Scheme Vote on 10 January
The Sino-Ocean Group receivers (Smart Win), which hold a blocking stake, has provided an irrevocable to vote in favour of the offer. This is a done...
941 Views
Beijing Capital Grand (1329 HK): Capital Group’s Scheme Privatisation at HK$0.85
Shareholders with blocking stakes are likely to be supportive, mainly as the offer is reasonable compared to historical trading ranges. At the...
808 Views
Beijing Capital Grand (1329 HK): An Offer from Beijing Capital Land?
It is likely that Beijing Capital Land, the largest shareholder, is launching an offer primarily to acquire the stake from Sino-Ocean Group receivers.
667 Views