Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

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<p>Back on the 28 June, Hong Kong fire service installation contactor <a href="https://www.smartkarma.com/entities/windmill-group-ltd" target="_blank" data-smartkarma-citation="entities:33829:1" rel="noopener">Windmill Group (1850 HK) </a><a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0628/2021062801512.pdf" target="_blank" rel="noopener">announced</a> its major shareholder with 60% had entered into an MOU with two third parties to sell its shares, the completion of which would likely trigger an MGO. </p>
<p>The share price, which had gained 150%+ ahead of the announcement in the preceding week, promptly gained another 72% in the following two trading sessions to close at HK$2.73 on the 30th of June.</p>
<p>Shares rolled over around the time of the positive profit alert on the <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0716/2021071600416.pdf" target="_blank" rel="noopener">16 July</a>, before closing at $1.34 on the 12 August, a level below that ahead of the MOU announcement.</p>
<p>Shares are currently halted pursuant to the Hong Kong Code on Takeovers and Mergers. Plus ~15% moved into Get Nice Securities on the 11 August, taking that broker's holding to 83.26%. </p>
<p>Definitely movement in the MOU. But be prepared for a takeunder. </p>
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<div>More below the fold.</div>


Back on the 28 June, Hong Kong fire service installation contactor Windmill Group (1850 HK) announced its major shareholder with 60% had entered into an MOU with two third parties to sell its shares, the completion of which would likely trigger an MGO. 
The share price, which had gained 150%+ ahead of the announcement in the preceding week, promptly gained another 72% in the following two trading sessions to close at HK$2.73 on the 30th of June.
Shares rolled over around the time of the positive profit alert on the 16 July, before closing at $1.34 on the 12 August, a level below that ahead of the MOU announcement.
Shares are currently halted pursuant to the Hong Kong Code on Takeovers and Mergers. Plus ~15% moved into Get Nice Securities on the 11 August, taking that broker's holding to 83.26%. 
Definitely movement in the MOU. But be prepared for a takeunder. 

More below the fold.

Hong Kong

Beautiful Life Group Holdings Limited, formerly HSC Resources Group Limited, is an investment holding company specializing in the design, supply, installation, maintenance, and repair of fire safety systems for buildings. It also trades fire service accessories and provides related manufacturing services. The company was founded in 1985 and is headquartered in Kowloon Bay, Hong Kong.

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Beautiful Life (1850 HK)

Windmill (1850 HK): Where There's Smoke

As the MOU is for 60% of shares out, it appears Ma intends to remain invested. The undisturbed price is more like HK$0.45. I would not be surprised...

David Blennerhassett

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