OneConnect Financial (6638 HK/OCFT US): Scheme Vote for Below Net Cash Offer on 28 October
The offer is below net cash, and Ping An is privatising OneConnect just as its revenue declines are coming to an end. This setup is best avoided.
348 Views
Weekly Deals Digest (13 Jul) - Toyota Industries, OneConnect, Great Eastern, Johns Lyng, NTT DC REIT
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
606 Views
OneConnect Financial (6638 HK/OCFT US): Precondition Satisfied for a Below Net Cash Offer
The offer is light. The high minority participation rate and protest votes at the recent AGM are warning signs that the vote is far from a done...
487 Views
OneConnect Financial (6638 HK/OCFT US): Ping An Firms Offer @ HK$2.068/Share
Terms are light.But no competing offer will emerge. If illiquid Hong Kong arbs are your bag, get involved, and pay up to ~HK$1.90/share. After the...
584 Views
OneConnect Financial (6638 HK/OCFT US): Ping An’s Preconditional Scheme Offer Is Below Net Cash
The high takeover premium could suggest a fair offer. However, the offer is below net cash. The scheme should be blocked, but it is likely to go...
692 Views