Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Guodian Technology & Environment Group / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guodian-technology-environment-group-corp" target="_blank" data-smartkarma-citation="entities:3941:1" rel="noopener">Guodian Technology &amp; Environment Group (1296 HK)</a>'s (GTE) pre-cons are now fulfilled - bang in line with my timetable estimate.</li>
<li>The Composite Document should be despatched to the shareholders on or before 29 April 2022. </li>
<li>Assuming all goes to plan - and there is every indication it will - payment under the Offer is expected around mid-June.</li>
</ul>



Guodian Technology &amp; Environment Group (1296 HK)'s (GTE) pre-cons are now fulfilled - bang in line with my timetable estimate.
The Composite Document should be despatched to the shareholders on or before 29 April 2022. 
Assuming all goes to plan - and there is every indication it will - payment under the Offer is expected around mid-June.


Guodian Tech (1296 HK): Done Deal As Pre-Cons Fulfilled

Shanghai Jin Jiang Capital Company Limited / Event-Driven

Shanghai Jin Jiang Capital Company Limited

<ul>
<li>Hotel operator <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 Limited (2006 HK)</a>'s Composite Doc is <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0331/2022033103211.pdf" target="_blank" rel="noopener">out</a>. The H-Class meeting on the 26 April, with expected payment on the 17 May.</li>
<li>The IFA considers the Offer to be fair and reasonable. </li>
<li>This is done and trading tight at a gross/annualised spread of 1.6%/14%. </li>
</ul>


Hotel operator Shanghai Jin Jiang Capital Company Limited (2006 HK)'s Composite Doc is out. The H-Class meeting on the 26 April, with expected payment on the 17 May.
The IFA considers the Offer to be fair and reasonable. 
This is done and trading tight at a gross/annualised spread of 1.6%/14%. 


Jin Jiang Capital (2006 HK): Composite Doc Out. 26 April H-Class Meeting

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

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.

<ul>
<li>
<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 Limited (2006 HK)</a>'s H Shareholders’ class meeting is scheduled for 26 April. The IFA considers the offer to be fair and reasonable. </li>
<li>The 10% blocking stake is 2.50% of outstanding shares (10.00% of H Shares). The two H Shareholders with blocking stakes will be supportive. There is no minimum acceptance condition.</li>
<li>At last close and for a 17 May payment date, the gross and annualised spread to the total offer is 1.6% and 15.7%, respectively.</li>
</ul>



Shanghai Jin Jiang Capital Company Limited (2006 HK)'s H Shareholders’ class meeting is scheduled for 26 April. The IFA considers the offer to be fair and reasonable. 
The 10% blocking stake is 2.50% of outstanding shares (10.00% of H Shares). The two H Shareholders with blocking stakes will be supportive. There is no minimum acceptance condition.
At last close and for a 17 May payment date, the gross and annualised spread to the total offer is 1.6% and 15.7%, respectively.


Jin Jiang Capital’s H Share Class Meeting on 26 April, IFA Opinion

<ul>
<li>Hotel operator <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 Limited (2006 HK)</a><a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0328/2022032800934.pdf" target="_blank" rel="noopener"> announced</a> yesterday that all pre-conditions to the Offer from Shanghai SASAC have been satisfied.  </li>
<li>The Composite Document is expected to be dispatched on or before the 1 April.</li>
<li>Based on precedents for the privatisation of PRC incorporated companies, absent a tendering condition, payment is expected around the third week of May, on the assumption the vote gets up.</li>
</ul>


Hotel operator Shanghai Jin Jiang Capital Company Limited (2006 HK) announced yesterday that all pre-conditions to the Offer from Shanghai SASAC have been satisfied.  
The Composite Document is expected to be dispatched on or before the 1 April.
Based on precedents for the privatisation of PRC incorporated companies, absent a tendering condition, payment is expected around the third week of May, on the assumption the vote gets up.


Jin Jiang Capital (2006 HK): Tardy, But Pre-Con Approvals Were Never In Doubt

<ul>
<li>
<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 Limited (2006 HK)</a>’s privatisation offer from Jin Jiang International Holding is HK$3.10 per H share. The pre-condition was fulfilled on 28 March.  </li>
<li>The key conditions for the delisting will be approval by at least 75% of independent H-shareholders (&lt;10% of all independent H-shareholders rejection). There is no minimum acceptance condition.  </li>
<li>At last close and for a May end effective date (composite document despatched on 1 April), the gross and annualised spread to the offer is 4.7% and 32.1%, respectively.</li>
</ul>



Shanghai Jin Jiang Capital Company Limited (2006 HK)’s privatisation offer from Jin Jiang International Holding is HK$3.10 per H share. The pre-condition was fulfilled on 28 March.  
The key conditions for the delisting will be approval by at least 75% of independent H-shareholders (&lt;10% of all independent H-shareholders rejection). There is no minimum acceptance condition.  
At last close and for a May end effective date (composite document despatched on 1 April), the gross and annualised spread to the offer is 4.7% and 32.1%, respectively.


Jin Jiang Capital’s Offer Risk/Reward – Pre-Condition Satisfied

China

Shanghai Jin Jiang Capital Company Limited owns and operates hotels.

Shanghai Jin Jiang Capital Company Limited (2006 HK)

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Shanghai Jin Jiang Capital Company Limited (2006 HK)

Guodian Tech (1296 HK): Done Deal As Pre-Cons Fulfilled

This is a done deal - play the spread. Assuming mid-June payment, this is trading at a gross/annualised spread at 2.8%/21.9%.

David Blennerhassett

Jin Jiang Capital (2006 HK): Composite Doc Out. 26 April H-Class Meeting

This transaction is done. I currently see the gross/annualised spread at a tight 1.6%/14%. Try to get in a spread or two below.

David Blennerhassett

Jin Jiang Capital (2006 HK): Tardy, But Pre-Con Approvals Were Never In Doubt

This is done - play the spread here. Assuming payment on the 23 May, I see the gross/annualised spread at 4.7%/35.9%. I'd be a buyer here at $2.96.

David Blennerhassett

Jin Jiang Capital’s Offer Risk/Reward – Pre-Condition Satisfied

The pre-condition was fulfilled on 28 March and the composite document will be despatched on 1 April. At last close and for a May end effective...

Arun George

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Guodian Tech (1296 HK): Done Deal As Pre-Cons Fulfilled

This is a done deal - play the spread. Assuming mid-June payment, this is trading at a gross/annualised spread at 2.8%/21.9%.

David Blennerhassett

Jin Jiang Capital (2006 HK): Composite Doc Out. 26 April H-Class Meeting

This transaction is done. I currently see the gross/annualised spread at a tight 1.6%/14%. Try to get in a spread or two below.

David Blennerhassett

Jin Jiang Capital’s H Share Class Meeting on 26 April, IFA Opinion

Jin Jiang's H Share’s class meeting is scheduled for 26 April. The IFA considers the offer to be fair and reasonable. For a 17 May payment, the...

Arun George

Jin Jiang Capital (2006 HK): Tardy, But Pre-Con Approvals Were Never In Doubt

This is done - play the spread here. Assuming payment on the 23 May, I see the gross/annualised spread at 4.7%/35.9%. I'd be a buyer here at $2.96.

David Blennerhassett

Jin Jiang Capital’s Offer Risk/Reward – Pre-Condition Satisfied

The pre-condition was fulfilled on 28 March and the composite document will be despatched on 1 April. At last close and for a May end effective...

Arun George