This week's flash-crash in China: thoughts and implications
China A-shares closed down almost 8% on Monday, on heavy volumes, the largest fall since February 2007. Whilst there were several negative...
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Shengjing Bank (2066 HK): Minimum Acceptance Condition in Focus as Offer Opens
While the 21 October vote on the delisting proposal should pass, the satisfaction of the minimum acceptance condition (90% of independent H shares)...
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Shengjing Bank (2066 HK): 21st Oct Vote On Bailout
If illiquid, arbs are your bag, pay up to HK$1.55, assuming late November payment. Timing on payment is not definitive given the tendering...
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Shengjing Bank (2066 HK): Offer "Bumped" To A ~84% Disc To NAV From 86.49%
At HK$1.32/share, I thought the Offer would get up. This bump continues that narrative. If illiquid arbs are your bag, pay up to HK$1.54, assuming...
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Shengjing Bank (2066 HK): Revised and Final Offer Remains Light
The revised terms signal push back from at least one key shareholder. The revised terms remain light, and there remains a risk around the 90%...
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