IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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>The <a href="https://www.smartkarma.com/entities/akm-industrial-co-ltd" target="_blank" data-smartkarma-citation="entities:7206:1" rel="noopener">AKM Industrial (1639 HK)</a> scheme document is out with the court and EGM meeting on 22 June. The IFA considers the offer to be fair and reasonable. </li>
<li>The key condition is the scheme approval by at least 75% and rejection by &lt;10% of disinterested shareholders. Shareholders who hold blocking stakes have provided irrevocables.</li>
<li>At last close and for a 4 August payment, the gross and annualised spread to the offer is 1.1% and 6.2%, respectively. This is a done deal.</li>
</ul>


The AKM Industrial (1639 HK) scheme document is out with the court and EGM meeting on 22 June. The IFA considers the offer to be fair and reasonable. 
The key condition is the scheme approval by at least 75% and rejection by &lt;10% of disinterested shareholders. Shareholders who hold blocking stakes have provided irrevocables.
At last close and for a 4 August payment, the gross and annualised spread to the offer is 1.1% and 6.2%, respectively. This is a done deal.


AKM’s Scheme Document, Court Meeting on 22 June, IFA Opinion