Senior Investment Analyst, Black Crane Investment Mgmt Ltd

Perry Tan, CFA, CAIA, FRM

Senior Investment Analyst

Black Crane Investment Mgmt Ltd

Event-Driven

<a href="http://www.hkexnews.hk/listedco/listconews/sehk/2016/0922/LTN20160922984.pdf" target="_blank">http://www.hkexnews.hk/listedco/listconews/sehk/2016/0922/LTN20160922984.pdf</a>On 19 September 2016, Tian An’s (SEHK: 28HK) wholly owned subsidiary has offered to buy 452,892,969 shares at for a consideration of HK$1,245,455,664.75 which translates to $2.75 per share at 36.45% of shares issued. Because more than 25% of the shares are purchased, under Chapter 14 of the Listing Rules, an EGM for Tian An’s shareholder’s approval is required. None of the shareholders need to abstain from voting.(Note…

http://www.hkexnews.hk/listedco/listconews/sehk/2016/0922/LTN20160922984.pdfOn 19 September 2016, Tian An’s (SEHK: 28HK) wholly owned subsidiary has offered to buy 452,892,969 shares at for a consideration of HK$1,245,455,664.75 which translates to $2.75 per share at 36.45% of shares issued. Because more than 25% of the shares are purchased, under Chapter 14 of the Listing Rules, an EGM for Tian An’s shareholder’s approval is required. None of the shareholders need to abstain from voting.(Note…

On June 28, Dan Form announced that its major shareholder Dai Xiaoming is considering selling his 36.75% stake to an unrelated third party. <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0628/LTN20160628148.pdf" target="_blank">http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0628/LTN20160628148.pdf</a>The stock bounced up 42% with this news.Interestingly enough, any purchase of over 30% will trigger a general offer (GO) in Hong Kong.  There are possibly 3 scenarios:1) this is a legitimate deal, and if so, a plausible takeout will be close to current book value. Current P/B is…

On June 28, Dan Form announced that its major shareholder Dai Xiaoming is considering selling his 36.75% stake to an unrelated third party. http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0628/LTN20160628148.pdfThe stock bounced up 42% with this news.Interestingly enough, any purchase of over 30% will trigger a general offer (GO) in Hong Kong.  There are possibly 3 scenarios:1) this is a legitimate deal, and if so, a plausible takeout will be close to current book value. Current P/B is…

Dan Form (271HK) - Corporate Event Unfolding

Hong Kong

Dan Form Holdings Company Limited, through its subsidiaries, invests in and develops properties.  The Company also provides estate management, financing services, and trades securities.

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Dan Form Holdings (271 HK)

Dan Form - Mandatory Cash Offer

http://www.hkexnews.hk/listedco/listconews/sehk/2016/0922/LTN20160922984.pdfOn 19 September 2016, Tian An’s (SEHK: 28HK) wholly owned subsidiary...

Perry Tan, CFA, CAIA, FRM

Dan Form (271HK) - Corporate Event Unfolding

On June 28, Dan Form announced that its major shareholder Dai Xiaoming is considering selling his 36.75% stake to an unrelated third...

Perry Tan, CFA, CAIA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)