Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Last Week In Event SPACE: ESR/Sabana REITs, Vedanta, Leyou, Alpha, Metlifecare, Melco, Neles

Coking coal miner and producer <a href="https://www.smartkarma.com/entities/shougang-fushan-resources-group-ltd" target="_blank" data-smartkarma-citation="entities:19494:1" rel="noopener">Shougang Fushan Resources (639 HK)</a> (SFR) is currently <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0714/2020071400319.pdf" target="_blank" rel="noopener">suspended</a> pursuant to the Rules Governing the Listing of Securities on the Stock Exchange and the Codes on Takeovers and Mergers and Share Buybacks of Hong Kong. 
Shares popped 15.09% yesterday on the highest volume in two years, evidently on some news leakage. 
SFR is 29.85% held by SOE-Shougang Group and 29.04% by Funde Sino Life. As a HK-incorporated company, no headcount test is required in a privatisation Offer by way of Scheme.
This insight provides a brief overview of SFR's operations, and what may be considered a fair value for the company in a takeover situation.

Coking coal miner and producer Shougang Fushan Resources (639 HK) (SFR) is currently suspended pursuant to the Rules Governing the Listing of Securities on the Stock Exchange and the Codes on Takeovers and Mergers and Share Buybacks of Hong Kong. 
Shares popped 15.09% yesterday on the highest volume in two years, evidently on some news leakage. 
SFR is 29.85% held by SOE-Shougang Group and 29.04% by Funde Sino Life. As a HK-incorporated company, no headcount test is required in a privatisation Offer by way of Scheme.
This insight provides a brief overview of SFR's operations, and what may be considered a fair value for the company in a takeover situation.

Hong Kong

Shougang Fushan Resources Group Ltd. produces and sells coking coal products and side products in China. The Company is principally engaged in mining of coking coal and production and sales of raw and clean coking coal,

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Shougang Fushan Resources (639 HK)

Last Week In Event SPACE: ESR/Sabana REITs, Vedanta, Leyou, Alpha, Metlifecare, Melco, Neles

Last Week in Event SPACE ... The parade of S-REIT mergers continues with ESR-REIT (EREIT SP)finally taking Sabana Shari’ah Compliant REIT...

David Blennerhassett

Shougang Fushan (639 HK): All Fired Up

Coking coal miner and producer Shougang Fushan Resources (639 HK) (SFR) is currently suspended pursuant to the Rules Governing the Listing of...

David Blennerhassett

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