IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/mason-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:17664:1" rel="noopener">Mason Group Holdings (273 HK)</a> announced a privatisation offer from Red Emerald Capital at HK$0.0338 per share, a 20.7% premium to the undisturbed price of HK$0.0280 per share (30 May). </li>
<li>The key conditions are SFC approval and the scheme being approved by at least 75% disinterested shareholders (&lt;10% disinterested shareholders rejection). The offer price has not been declared final.</li>
<li>Four shareholders hold a blocking stake - three have provided irrevocables while the other will accept due to the attractive ROI. Therefore, there is a clear pathway to completion.</li>
</ul>



Mason Group Holdings (273 HK) announced a privatisation offer from Red Emerald Capital at HK$0.0338 per share, a 20.7% premium to the undisturbed price of HK$0.0280 per share (30 May). 
The key conditions are SFC approval and the scheme being approved by at least 75% disinterested shareholders (&lt;10% disinterested shareholders rejection). The offer price has not been declared final.
Four shareholders hold a blocking stake - three have provided irrevocables while the other will accept due to the attractive ROI. Therefore, there is a clear pathway to completion.


Mason Group (273 HK): Privatisation Bid at HK$0.0338 Per Share

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

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<li>Broker <strong><a href="https://www.smartkarma.com/entities/mason-financial-holdings-ltd" target="_blank" data-smartkarma-citation="entities:17664:1" rel="noopener">Mason Financial Holdings (273 HK)</a></strong> is <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0531/2023053100293.pdf" target="_blank" rel="noopener">suspended</a> pursuant to the Hong Kong Code on Takeovers and Mergers. </li>
<li>Shares are down 95% from its June 2015 peak, and 54% since the onset of Covid. The company last turned a profit in 2018.</li>
<li>The largest shareholder is the chairman of <strong><a href="https://www.smartkarma.com/entities/shimao-property-holdings-limited" target="_blank" data-smartkarma-citation="entities:8375:1" rel="noopener">Shimao Group (813 HK)</a></strong>.</li>
</ul>


Broker Mason Financial Holdings (273 HK) is suspended pursuant to the Hong Kong Code on Takeovers and Mergers. 
Shares are down 95% from its June 2015 peak, and 54% since the onset of Covid. The company last turned a profit in 2018.
The largest shareholder is the chairman of Shimao Group (813 HK).


Mason Group (273 HK): Halted Pursuant To Takeover's Code

Hong Kong

Mason Group is a Hong Kong-based company primarily engaged in financial activities, including securities investment, financing services, wealth and asset management, and financial brokerage. The company also operates in medical consultation and laboratory services, retail of mother-infant-child products, and manufacturing of infant formula and nutritional products. Mason Group was founded in 2002 and is headquartered in Hong Kong.

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Mason Group (273 HK): Privatisation Bid at HK$0.0338 Per Share

Four shareholders hold a blocking stake - three have provided irrevocables while the other will accept due to the attractive ROI. Therefore, there...

Arun George

Mason Group (273 HK): Halted Pursuant To Takeover's Code

At a guess, I think the Offeror will be the Hui family. On pricing, I would simply defer to the average premium seen in HK deals or ~HK$0.04/share....

David Blennerhassett