
In today’s briefing:
- Event Driven: Gabriel India Restructuring ~ From Shock Absorbers to a Diverse Mobility Leader
- Last Week In Event SPACE: Shibaura, HKBN, NWD, Yichang HEC
- (Mostly) Asia-Pac M&A: Talkmed, Jilin Jiutai Bank, Insignia, Silk Logistics, Fengxiang, Nissin, VIOL

Event Driven: Gabriel India Restructuring ~ From Shock Absorbers to a Diverse Mobility Leader
- On July 2nd, Gabriel India (GABR IN) announced its strategic restructuring plan, merging key entities to diversify its business and unlock significant shareholder value.
- The merger increases promoter shareholding from 55% to 63.5%, with projected EPS accretion of 41%.
- This move positions Gabriel India as a multi-product leader, enhancing global OEM partnerships and boosting market presence in key automotive segments.
Last Week In Event SPACE: Shibaura, HKBN, NWD, Yichang HEC
- Given the METI extension on FEFTA review on Shibaura (6957 JP), risks are slightly higher. <¥5,900 was a good buy on an incremental basis. ¥5,970 is OK but not spectacular.
- As expected (at least by me) – I Squared has withdrawn its Offer for HKBN Ltd (1310 HK).
- Re: New World Development (17 HK), this “rescue package” announcement – ~HK$88.2bn – should come as no surprise, as the alternative situation (liquidation/bankruptcy) and the ensuing optics were not great.
(Mostly) Asia-Pac M&A: Talkmed, Jilin Jiutai Bank, Insignia, Silk Logistics, Fengxiang, Nissin, VIOL
- I tally 43 – mostly firm, mostly Asia-Pac – arb transactions currently being discussed and analysed on Smartkarma.
- Two new deal were discussed on Smartkarma this week: Talkmed (TKMED SP)‘s Scheme and Jilin Jiutai Rural Comm Bank (6122 HK)‘s Hobson’s Choice
- Key updates/news took place on New World Resources (NWC AU), Insignia (IFL AU), Silk Logistics (SLH AU), Fengxiang (9977 HK),Domain (DHG AU), Nissin (9066 JP) and VIOL (335890 KS).