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

Weekly Deals Digest (18 Jan) - Toyota Ind, Mandom, IJM, BioDlink, Dongfeng, Qube, Montage, Busy Ming

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Global Equity Research Ltd

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/biodlink-international" target="_blank" data-smartkarma-citation="entities:28192:1" rel="noopener">BioDlink International (1875 HK)</a> announced a conditional VGO from <a href="https://www.smartkarma.com/entities/wuxi-xdc-cayman-inc" target="_blank" data-smartkarma-citation="entities:39917:1" rel="noopener">WuXi XDC Cayman (2268 HK)</a> at HK$4.00, a 60.0% premium to the last close price. </li>
<li>The key condition is a minimum acceptance threshold: WuXi XDC must represent at least 60% of voting rights.</li>
<li>The 60% minimum acceptance condition will be satisfied due to irrevocables and shortfall undertakings. Therefore, the offer will likely be declared unconditional on the first closing date. </li>
</ul>



BioDlink International (1875 HK) announced a conditional VGO from WuXi XDC Cayman (2268 HK) at HK$4.00, a 60.0% premium to the last close price. 
The key condition is a minimum acceptance threshold: WuXi XDC must represent at least 60% of voting rights.
The 60% minimum acceptance condition will be satisfied due to irrevocables and shortfall undertakings. Therefore, the offer will likely be declared unconditional on the first closing date. 


BioDlink (1875 HK): WuXi XDC’s Conditional VGO at HK$4 a Done Deal