IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Merger Arb Mondays (29 Jun) - Con Aero, Skyworth, Changhong Jiahua, Shinko Shoji, Nippon Dry, Qoria

Ajinomoto (Malaysia) (AJI MK): IA Opines NOT Fair but Reasonable; Vote on 24 September

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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ajinomoto-co-inc" target="_blank" data-smartkarma-citation="entities:8911:1" rel="noopener">Ajinomoto Co (2802 JP)</a> has submitted a proposal to privatise <a href="https://www.smartkarma.com/entities/ajinomoto-malaysia-bhd" target="_blank" data-smartkarma-citation="entities:12499:1" rel="noopener">Ajinomoto Malaysia (AJI MK)</a> through a selective capital reduction at RM20.00 per share, a 31.6% premium to the last close price. </li>
<li>The Board has until 21 July (unless extended) to decide to implement the proposal. The offer is attractive as it represents an all-time high. </li>
<li>The shareholder vote is low-risk as no disinterested shareholder holds a blocking stake. Precedents suggest a vote in mid-September, with payment in mid-November.</li>
</ul>



Ajinomoto Co (2802 JP) has submitted a proposal to privatise Ajinomoto Malaysia (AJI MK) through a selective capital reduction at RM20.00 per share, a 31.6% premium to the last close price. 
The Board has until 21 July (unless extended) to decide to implement the proposal. The offer is attractive as it represents an all-time high. 
The shareholder vote is low-risk as no disinterested shareholder holds a blocking stake. Precedents suggest a vote in mid-September, with payment in mid-November.


Ajinomoto (Malaysia) (AJI MK): Ajinomoto (2802 JP)’s Privatisation Offer at RM20