Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Greatview Aseptic Packaging / Event-Driven

<ul>
<li>Back on the 27 January 2023, <a href="https://www.smartkarma.com/entities/jardine-matheson-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19718:1" rel="noopener">Jardine Matheson (JM SP)</a> entered an agreement with <a href="https://www.smartkarma.com/entities/shandong-xinjufeng-technology-packaging-co-ltd" target="_blank" data-smartkarma-citation="entities:36744:1" rel="noopener">Shandong Xinjufeng (301296 CH)</a> (XJF) to sell its 28.22% stake in <a href="https://www.smartkarma.com/entities/greatview-aseptic-packaging" target="_blank" data-smartkarma-citation="entities:10802:1" rel="noopener">GAPack (468 HK)</a>. </li>
<li>That sale completed in September.  Last week, XJF requisitioned an EGM to consider appointing five new (&amp; friendly) directors, all-but taking control of the board. </li>
<li>CEO and founder Jeff Bi holds 9.65%. The question is: what are his options?</li>
</ul>


Back on the 27 January 2023, Jardine Matheson (JM SP) entered an agreement with Shandong Xinjufeng (301296 CH) (XJF) to sell its 28.22% stake in GAPack (468 HK). 
That sale completed in September.  Last week, XJF requisitioned an EGM to consider appointing five new (&amp; friendly) directors, all-but taking control of the board. 
CEO and founder Jeff Bi holds 9.65%. The question is: what are his options?


GAPack (468 HK): Unpacking XJF's Move To Send The Board Packing

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>uSmart starts coverage of Azeus Systems with a 'hold' rating, target $9.45.</li><li>Jefferies starts coverage on Singapore banks, targets DBS at $91.</li><li>KGI keeps Q&amp;M Dental at 'outperform' due to disciplined growth.</li></ul>

uSmart starts coverage of Azeus Systems with a 'hold' rating, target $9.45.Jefferies starts coverage on Singapore banks, targets DBS at $91.KGI keeps Q&amp;M Dental at 'outperform' due to disciplined growth.

Singapore Market Roundup (22-Sep-2026): uSmart initiates Azeus Systems with 'hold', target $9.45.

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul>
<li>Scape has begun building the tallest dormitory above a Melbourne metro station, marking a significant development.</li>
<li>ESR Kendall Square has sold a Korean warehouse for $253 million to Samsung SRA Fund, backed by NPS.</li>
<li>Eureka plans to acquire NSW land lease assets from Ingenia for $89 million, reflecting ongoing real estate investments.</li>
</ul>


Scape has begun building the tallest dormitory above a Melbourne metro station, marking a significant development.
ESR Kendall Square has sold a Korean warehouse for $253 million to Samsung SRA Fund, backed by NPS.
Eureka plans to acquire NSW land lease assets from Ingenia for $89 million, reflecting ongoing real estate investments.


Asia Real Estate Tracker (04-Sep-2026): Scape Begins Construction on Tallest Dorm in Melbourne

<ul>
<li>Back on the 27th October 2025, <a href="https://www.smartkarma.com/entities/jardine-matheson-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19718:1" rel="noopener">Jardine Matheson (JM SP)</a> announced an Offer for 88.04%-held <a href="https://www.smartkarma.com/entities/mandarin-oriental-international-ltd" target="_blank" data-smartkarma-citation="entities:4773:1" rel="noopener">Mandarin Oriental  (MAND SP)</a>, after MAND concurrently announced the partial sale of OCB to Alibaba.</li>
<li>Matheson subsequently announced it will undertake a US$250mn buyback. Both the sale of OCB and Scheme have completed. And by my calcs, ~80% of this latest buyback has completed.</li>
<li>JMH is cash rich at the parent level. Expect buybacks to be reloaded, further boosting the Keswick's controlling stake. </li>
</ul>


Back on the 27th October 2025, Jardine Matheson (JM SP) announced an Offer for 88.04%-held Mandarin Oriental  (MAND SP), after MAND concurrently announced the partial sale of OCB to Alibaba.
Matheson subsequently announced it will undertake a US$250mn buyback. Both the sale of OCB and Scheme have completed. And by my calcs, ~80% of this latest buyback has completed.
JMH is cash rich at the parent level. Expect buybacks to be reloaded, further boosting the Keswick's controlling stake. 


Jardine Matheson (JM SP): NAV & Buyback Update

<ul>
<li>Digital Realty, Equinix, STT GDC, and Keppel have gained rights to expand data centers in Singapore.</li>
<li>In Malaysia, DayOne has purchased a data center site for $153 million after a significant IPO filing.</li>
<li>Henderson Land reported a 41% profit increase, reflecting Hong Kong's economic recovery and growth.</li>
</ul>


Digital Realty, Equinix, STT GDC, and Keppel have gained rights to expand data centers in Singapore.
In Malaysia, DayOne has purchased a data center site for $153 million after a significant IPO filing.
Henderson Land reported a 41% profit increase, reflecting Hong Kong's economic recovery and growth.


Asia Real Estate Tracker (24-Aug-2026): Data centers in Singapore gain expansion rights.

Bermuda

Jardine Matheson is a diversified, Asia-focused multinational conglomerate with interests spanning motor vehicles, property investment and development, retail, hotels, engineering, construction, and financial services. It operates through a portfolio of market-leading businesses across Asia. The company was founded in 1832 and is headquartered in Hong Kong.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Jardine Matheson (JM SP)

GAPack (468 HK): Unpacking XJF's Move To Send The Board Packing

Nothing like bringing one of your customers - China Mengniu - on board (so to speak), both as a substantial shareholder (5.01%) and board member...

David Blennerhassett

Singapore Market Roundup (22-Sep-2026): uSmart initiates Azeus Systems with 'hold', target $9.45.

uSmart rates Azeus Systems 'hold' with a target of $9.45. Jefferies targets DBS at $91, while KGI rates Q&M Dental 'outperform' for its growth.

Singapore Market Roundup

Asia Real Estate Tracker (04-Sep-2026): Scape Begins Construction on Tallest Dorm in Melbourne

Scape is building Melbourne's tallest dormitory, ESR sold a Korean warehouse for $253M, Eureka is acquiring land for $89M, and Hongkong Land...

Asia Real Estate Tracker