Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 27 June, <strong><a href="https://www.smartkarma.com/entities/dali-foods-group-co-ltd" target="_blank" data-smartkarma-citation="entities:1082:1" rel="noopener">Dali Foods Group (3799 HK)</a></strong>, announced a privatisation Offer by way of a Scheme from its founder/chairman/CEO Xu Shihui.</li>
<li>The cancellation price, which has been declared final, was HK$3.75/share, a decent 37.87% premium to undisturbed.</li>
<li>The Scheme Doc is now <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0728/2023072801685.pdf" target="_blank" rel="noopener">out</a>. The Scheme Meeting is the 23 August. Xu and concert parties control 88.89%, therefore a blocking stake is 1.11% of shares out. </li>
</ul>


Back on the 27 June, Dali Foods Group (3799 HK), announced a privatisation Offer by way of a Scheme from its founder/chairman/CEO Xu Shihui.
The cancellation price, which has been declared final, was HK$3.75/share, a decent 37.87% premium to undisturbed.
The Scheme Doc is now out. The Scheme Meeting is the 23 August. Xu and concert parties control 88.89%, therefore a blocking stake is 1.11% of shares out. 


Dali Foods (3799 HK): 23 August Scheme Meeting. IFA Says Fair

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/dali-foods-group-co-ltd" target="_blank" data-smartkarma-citation="entities:1082:1" rel="noopener">Dali Foods Group (3799 HK)</a>'s scheme document is out with the court meeting scheduled for 23 August. The IFA considers the HK$3.75 per share offer to be fair and reasonable. </li>
<li>Key condition is approval by at least 75% of disinterested shareholders (&lt;10% of all disinterested shareholders rejection). No independent shareholder holds a blocking stake. </li>
<li>Sector sentiment has modestly weakened. This looks done. At the last close and for the 8 September payment, the gross and annualised spread is 3.6% and 34.8%, respectively.</li>
</ul>



Dali Foods Group (3799 HK)'s scheme document is out with the court meeting scheduled for 23 August. The IFA considers the HK$3.75 per share offer to be fair and reasonable. 
Key condition is approval by at least 75% of disinterested shareholders (&lt;10% of all disinterested shareholders rejection). No independent shareholder holds a blocking stake. 
Sector sentiment has modestly weakened. This looks done. At the last close and for the 8 September payment, the gross and annualised spread is 3.6% and 34.8%, respectively.


Dali Foods (3799 HK): Scheme Vote on 23 August

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Guangdong Archealth Health Industry Group / Equity Capital Markets

Guangdong Archealth Health Industry Group

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guangdong-archealth-health-industry-group" target="_blank" data-smartkarma-citation="entities:39926:1" rel="noopener">Guangdong Archealth Health Industry Group (GAHI HK)</a> is looking to raise around US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are CICC and ABCI.</li>
<li>Guangdong Archealth Health Industry Group (GAHI) is a digital health management provider.</li>
<li>According to F&amp;S, the firm ranked first in the weight management industry and first in the digital weight management industry in China as per 2022 sales.</li>
</ul>



Guangdong Archealth Health Industry Group (GAHI HK) is looking to raise around US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are CICC and ABCI.
Guangdong Archealth Health Industry Group (GAHI) is a digital health management provider.
According to F&amp;S, the firm ranked first in the weight management industry and first in the digital weight management industry in China as per 2022 sales.


Guangdong Archealth Health Industry Group Tearsheet

Silver Dragon Water Supply Group / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/silver-dragon-water-supply-group" target="_blank" data-smartkarma-citation="entities:39898:1" rel="noopener">Silver Dragon Water Supply Group (2210081D CH)</a> is looking to raise at least US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are HSBC and Huatai International.</li>
<li>Silver Dragon Water Supply Group (SDW) is principally engaged in the supply of tap water, raw water and pipeline direct drinking water in China.</li>
<li>As per Frost &amp; Sullivan (F&amp;S), the firm had the largest water pipeline network in terms of water pipeline length among all water supply companies in China in 2022.</li>
</ul>



Silver Dragon Water Supply Group (2210081D CH) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are HSBC and Huatai International.
Silver Dragon Water Supply Group (SDW) is principally engaged in the supply of tap water, raw water and pipeline direct drinking water in China.
As per Frost &amp; Sullivan (F&amp;S), the firm had the largest water pipeline network in terms of water pipeline length among all water supply companies in China in 2022.


Silver Dragon Water Supply Group Pre-IPO Tearsheet

<ul>
<li>Late last night (27 June), <strong><a href="https://www.smartkarma.com/entities/dali-foods-group-co-ltd" target="_blank" data-smartkarma-citation="entities:1082:1" rel="noopener">Dali Foods Group (3799 HK)</a></strong> a leading branded F&amp;B play, announced a privatisation Offer by way of a Scheme from its founder/chairman/CEO Xu Shihui.</li>
<li>The cancellation price, which has been declared final, is HK$3.75/share, is a respectable 37.87% premium to undisturbed, but... </li>
<li>Xu and concert parties control 88.89%, with disinterested shareholders holding 11.11%, therefore a blocking stake at the Scheme meeting is just 1.11% of shares out. </li>
</ul>


Late last night (27 June), Dali Foods Group (3799 HK) a leading branded F&amp;B play, announced a privatisation Offer by way of a Scheme from its founder/chairman/CEO Xu Shihui.
The cancellation price, which has been declared final, is HK$3.75/share, is a respectable 37.87% premium to undisturbed, but... 
Xu and concert parties control 88.89%, with disinterested shareholders holding 11.11%, therefore a blocking stake at the Scheme meeting is just 1.11% of shares out. 


China

Tingyi (Cayman Islands) Holding Corporation, through its subsidiaries, manufactures and sells instant noodles, baked goods, and beverages in China.

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Tingyi Holding (322 HK)

Dali Foods (3799 HK): 23 August Scheme Meeting. IFA Says Fair

This deal has a whiff of expediting the transaction so as to not release the interims which may flag the Offer's cheapness. IF you think this Offer...

David Blennerhassett

Dali Foods (3799 HK): Scheme Vote on 23 August

Sector sentiment has modestly weakened, helping the YES vote. At the last close and for the 8 September payment, the annualised spread is 34.8%....

Arun George

Guangdong Archealth Health Industry Group Tearsheet

Guangdong Archealth Health Industry Group (GAHI HK) is looking to raise around US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal...

Clarence Chu

Silver Dragon Water Supply Group Pre-IPO Tearsheet

Silver Dragon Water Supply Group (2210081D CH) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are...

Clarence Chu

Dali Foods (3799 HK): Founder's Scheme

Would any shareholder (s) vote this Scheme down? Your downside, if this were to fail, is probably below the all-time low. I'd buy up to HK$3.57 or...

David Blennerhassett

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