Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The Offeror consortium, led by Teo Hong Lim, chairman, and CEO of Roxy-Pacific, is offering S$0.485/share, a 19.8% premium to the undisturbed price. The offer price will NOT be increased. </li>
<li>The Offer is conditional on the Offeror holding not less than 90% of shares outstanding. Irrevocables total 77% of shares out.</li>
<li>With the Offer Document expected to be dispatched within 21 days, payment may be possible in early February. </li>
</ul>


The Offeror consortium, led by Teo Hong Lim, chairman, and CEO of Roxy-Pacific, is offering S$0.485/share, a 19.8% premium to the undisturbed price. The offer price will NOT be increased. 
The Offer is conditional on the Offeror holding not less than 90% of shares outstanding. Irrevocables total 77% of shares out.
With the Offer Document expected to be dispatched within 21 days, payment may be possible in early February. 


Roxy-Pacific (ROXY SP): Founder-Led Offer Is Now Firm

Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Research from SooChow CSSD Capital Markets (Asia)

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

SooChow CSSD Capital Markets (Asia)

Thematic (Sector/Industry)

<ul><li>Oct21 retail sales up 7.5% YoY driven by mobile phones sales; F&amp;B saw a revival in Nov, heading into festive season</li><li><a href="https://www.smartkarma.com/entities/roxy-pacific-holdings-ltd" target="_blank" data-smartkarma-citation="entities:1096" rel="noopener">Roxy Pacific Holdings (ROXY SP)</a> sells a healthy 45% of total units at Mori during weekend launch</li><li>Cairnhill 16 saw only 3 units reserved with prices starting from S$2,789psf on launch weekend</li></ul>

Oct21 retail sales up 7.5% YoY driven by mobile phones sales; F&amp;B saw a revival in Nov, heading into festive seasonRoxy Pacific Holdings (ROXY SP) sells a healthy 45% of total units at Mori during weekend launchCairnhill 16 saw only 3 units reserved with prices starting from S$2,789psf on launch weekend

ASEAN Builder's Scoop (6Dec21) - Oct21 Retail Sales up 7.5% YoY

<ul>
<li>There are currently 46  - mostly firm - transactions currently being discussed and analysed on Smartkarma. </li>
<li>Two new deals this week: the <a href="https://www.smartkarma.com/entities/total-access-communication" target="_blank" data-smartkarma-citation="entities:948:1" rel="noopener">Total Access Communication (DTAC TB)</a> / <a href="https://www.smartkarma.com/entities/true-corp-pcl" target="_blank" data-smartkarma-citation="entities:8:1" rel="noopener">True Corp Pcl (TRUE TB)</a> merger; and the pre-conditional Offer for <a href="https://www.smartkarma.com/entities/shanghai-jin-jiang-capital-company-limited" target="_blank" data-smartkarma-citation="entities:15781:1" rel="noopener">Shanghai Jin Jiang Capital Company (2006 HK)</a>.</li>
<li>Keys updates took place for: <a href="https://www.smartkarma.com/entities/shinsei-bank-ltd" target="_blank" data-smartkarma-citation="entities:16897:1" rel="noopener">Shinsei Bank (8303 JP)</a>, <a href="https://www.smartkarma.com/entities/chinese-estates-holdings-limited" target="_blank" data-smartkarma-citation="entities:20954:1" rel="noopener">Chinese Estates Holdings (127 HK)</a>, and <a href="https://www.smartkarma.com/entities/cp-pokphand-co-ltd" target="_blank" data-smartkarma-citation="entities:10135:1" rel="noopener">Cp Pokphand (43 HK)</a>.</li>
</ul>


There are currently 46  - mostly firm - transactions currently being discussed and analysed on Smartkarma. 
Two new deals this week: the Total Access Communication (DTAC TB) / True Corp Pcl (TRUE TB) merger; and the pre-conditional Offer for Shanghai Jin Jiang Capital Company (2006 HK).
Keys updates took place for: Shinsei Bank (8303 JP), Chinese Estates Holdings (127 HK), and Cp Pokphand (43 HK).


Asia-Pac Weekly Risk Arb Summary: Shanghai Jin Jiang, Shinsei Bank, Chinese Estates, CP Pokphand

<ul>
<li>There are currently 46  - mostly firm - transactions currently being discussed and analysed on Smartkarma. </li>
<li>One new deal this week: Blackstone and affiliates are offering shareholders of <a href="https://www.smartkarma.com/entities/crown-resorts-ltd" target="_blank" data-smartkarma-citation="entities:808:1" rel="noopener">Crown Resorts (CWN AU)</a> A$12.50/share in cash, a 26.2% premium to last close.</li>
<li>Keys updates took place for: <a href="https://www.smartkarma.com/entities/singapore-press-holdings-limited" target="_blank" data-smartkarma-citation="entities:9952:1" rel="noopener">Singapore Press Holdings (SPH SP)</a> and <a href="https://www.smartkarma.com/entities/shinsei-bank-ltd" target="_blank" data-smartkarma-citation="entities:16897:1" rel="noopener">Shinsei Bank (8303 JP)</a>.</li>
</ul>


There are currently 46  - mostly firm - transactions currently being discussed and analysed on Smartkarma. 
One new deal this week: Blackstone and affiliates are offering shareholders of Crown Resorts (CWN AU) A$12.50/share in cash, a 26.2% premium to last close.
Keys updates took place for: Singapore Press Holdings (SPH SP) and Shinsei Bank (8303 JP).


Asia-Pac Weekly Risk Arb Summary:  Crown Resorts, Singapore Press, Shinsei Bank

<ul><li><a href="https://www.smartkarma.com/entities/keppel-dc-reit" target="_blank" data-smartkarma-citation="entities:85" rel="noopener">Keppel DC REIT (KDCREIT SP)</a> proposed investment into M1’s network assets is 3.8% DPU accretive </li><li><a href="https://www.smartkarma.com/entities/roxy-pacific-holdings-ltd" target="_blank" data-smartkarma-citation="entities:1096" rel="noopener">Roxy Pacific Holdings (ROXY SP)</a> to debut Mori, with entry price from S$1,680psf onwards</li><li>CREIT receives SEC approval to launch IPO in Dec21 - The SEC has approved the IPO of Citicore Energy REIT Corp (CREIT), which is the real estate investment trust company owned by Citicore Renewable Energy Corp. and Citicore Solar Tarlac 1 Inc.</li></ul>

Keppel DC REIT (KDCREIT SP) proposed investment into M1’s network assets is 3.8% DPU accretive Roxy Pacific Holdings (ROXY SP) to debut Mori, with entry price from S$1,680psf onwardsCREIT receives SEC approval to launch IPO in Dec21 - The SEC has approved the IPO of Citicore Energy REIT Corp (CREIT), which is the real estate investment trust company owned by Citicore Renewable Energy Corp. and Citicore Solar Tarlac 1 Inc.

ASEAN Builder's Scoop (19Nov21) - KDCREIT-M1 Investment +3.8% DPU Accretive

Singapore

Roxy-Pacific Holdings Limited, through its subsidiaries, develops and sells residential properties. The Company also owns and invests in hotels.

Roxy Pacific Holdings (ROXY SP)

Roxy-Pacific (ROXY SP): Founder-Led Offer Is Now Firm

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SCCM Asia Research

Asia-Pac Weekly Risk Arb Summary: Shanghai Jin Jiang, Shinsei Bank, Chinese Estates, CP Pokphand

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

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Asia-Pac Weekly Risk Arb Summary: Crown Resorts, Singapore Press, Shinsei Bank

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

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ASEAN Builder's Scoop (19Nov21) - KDCREIT-M1 Investment +3.8% DPU Accretive

ROXY launces Mori from S$1,680psf; CREIT readies IPO listing in Dec21; Phils policy rate unchanged; Thai new home sales grows 21% in 2022

SCCM Asia Research