Golden Eagle Retail (3308 HK): Controlling Family’s Privatisation Offer at HK$6.88
The offer price is final. The offer is reasonable particularly as the sentiment on the department store sector remains weak. This looks like a done...
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Lifestyle International (1212 HK)’s Wide Spread Heading into the 21 November Vote
Ongoing weak Hong Kong retail sales and peers’ slightly de-rating should lower the vote risk. Headcount test not applicable. While light, we...
536 Views
Lifestyle International’s Court Meeting on 21 November
The offer is light but there is no headcount test. No shareholder holds a blocking stake. At the last close, the gross spread to the offer is 9.6%.
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Lifestyle International’s HK$5.00 Privatisation Bid
The first case of controlling shareholders taking advantage of the upcoming removal of the headcount test for Cayman schemes. We would be buyers up...
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Last Week in Event SPACE – Toshiba, JA Solar, Hyundai Merchant, Hochtief, ASE
Last week, the announced capital raising resurrects Toshiba Corp (6502 JP); minorities should exercise a "Shanda" on the JA Solar Holdings Co (JASO...
437 Views