Daily BriefsMost Read

Most Read: JMDC Inc, Shinsei Bank, Total Access Communication, JD Logistics, Mapletree Logistics Trust and more

In today’s briefing:

  • A Really BIG Event for JMDC (4483)
  • Shinsei EGM:  Govt May Vote AGAINST But Could Shinsei Rig The Vote?
  • DTAC/TRUE Merger: Details and Index Implications
  • JD Logistics (京东物流) Lock-Up Expiry – Cornerstone Sitting on Losses, Pre-IPO Investors Still Up
  • MLT Placement – Similar to Its October 2020 Deal Which Struggled to Perform

A Really BIG Event for JMDC (4483)

By Travis Lundy

  • JMDC Inc (4483 JP) is an interesting company with a high-flying stock price and valuation. 
  • As one of the larger companies in the TSE Mothers universe, it still had not announced its intentions regarding TSE, and today we have the reason why
  • JMDC will move from Mothers to TSE1 on 29 November, and this will be a biggie. 

Shinsei EGM:  Govt May Vote AGAINST But Could Shinsei Rig The Vote?

By Travis Lundy

  • Overnight, NHK and Nikkei reported that the Deposit Insurance Corporation of Japan is leaning towards voting AGAINST the Poison Pill in the Shinsei EGM Thursday.
  • Given SBI has 20.32% of the vote and the DICJ has 23.31%, that would make passage of the Poison Pill defence more likely to fail. 
  • Investors should be looking at what could happen if the vote fails. 

DTAC/TRUE Merger: Details and Index Implications

By Brian Freitas


JD Logistics (京东物流) Lock-Up Expiry – Cornerstone Sitting on Losses, Pre-IPO Investors Still Up

By Zhen Zhou, Toh

  • JD Logistics (2618 HK) (JDL) was listed on the Hong Kong Exchange on 28th May, 2021. Its IPO lock-up will expire on 28th November, 2021.
  • JD Logistics (JDL) was the leading supply chain solutions and logistics services provider in China in terms of revenue in 2018 and 2019.
  • Cornerstone investors are sitting on about 26% loss whereas pre-IPO investors are still mostly up 53% on their investments but have held since 2018.

MLT Placement – Similar to Its October 2020 Deal Which Struggled to Perform

By Zhen Zhou, Toh

  • Mapletree Logistics Trust (MLT SP)  plans to raise around US$530 (S$723m) to partially fund the acquisition of logistics properties in China, Vietnam and Japan. 
  • Most of the past deals have done well except for the October 2020 one. 
  • This deal is similar to the October placement in terms of the size of the private placement and its relatively small accretion. 

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