Weekly Deals Digest (10 Aug) - Shibaura, Toyo Construction, Technopro, Ashimori, HKBN, Iress
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
620 Views
Toyo Construction (1890 JP): Taisei (1801 JP)’s Bittersweet Tender Offer
Despite the low premium, this is a done deal due to irrevocables from the two previous competing bidders, who are also the two largest shareholders.
673 Views
Hulic Co (3003 JP) Placement: One Big Price Drop Could Lead to Another
The secondary offering in Hulic is US$793m and represents 43x ADV and 37% of real float. A large price drops raises risk of deletion from a global...
733 Views
Hulic (3033 JP): A US$800 Million Secondary Offering
Unlike the 2021 offer, this is a pure secondary offering. It is smaller in terms of outstanding shares and 1-year ADV. The shares are hovering...
519 Views
Taisei (1801 JP) - In-Line Earnings, BIG Buyback, Already In The Price?
Taisei last week announced in-line earnings with a cross-holding sale kicker. Other guidance is unchanged, and remains... meh? Shares have moved...
470 Views