Zhuangyuan Pasture (1533 HK): H-Share Offer Via Buyback
Assuming late July payment, and inclusive of the FY21 dividend of RMB0.047/share, then I suggest buying up to ~HK$10.50/share or a gross/annualised...
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First Service (2107 HK): Too Hot To Handle
I expect these share transfer agreements to be extended, if need be, and the spread to tighten once completed. But that outcome is by no means...
480 Views
Sunac Services' Offer For First Service (2107 HK) May Support Modern Land
At HK$2.14/share, First Service is currently trading at a gross/annualised spread of 22.2%/128.1%, assuming late January completion. Or 39.6%...
443 Views
CMEC (1829 HK): Clarity On Timing As Pre-Cons Fulfilled
This is being done too cheaply, but no other Offeror will emerge. At $3.46/share, or 6.9%/34.3% gross/annualised, get involved. But this is a...
562 Views
(Mostly) Asia M&A: May 2021 Roundup
The average premium for the new deals announced (or first discussed) in May was ~41%, with a year-to-date average of ~31% (78 deals).
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