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 (08 Jun) - ENN, Con Aero, Skyworth, Kakaku, Shinko Shoji, Cygnus, Tourism Hldgs

Weekly Deals Digest (14 Jun) - Con Aero, ENN, Nippon Dry Chem, Nippon Sheet, OOh!Media, Steadfast

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

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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

Continental Aerospace Technologies / Event-Driven

Continental Aerospace Technologies (232 HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/continental-aerospace-technologies-holding-ltd" target="_blank" data-smartkarma-citation="entities:15249:1" rel="noopener">Continental Aerospace Technologies (232 HK)</a> announced the disposal of its revenue-generating business to <a href="https://arcline.com/" target="_blank" rel="noopener">Arcline</a> for between US$500 million and US$520 million, with the proceeds to be distributed to shareholders. </li>
<li>It also announced its intention to delist, to sell a property to AVIC, and to distribute the remaining cash (after wind-up costs) to shareholders.</li>
<li>The proceeds from the Arcline sale (HK$0.419 to HK$0.436 per share), property sale (HK$0.0073) and remaining cash (HK$0.063) are between HK$0.489 and HK$0.506, around 2.4x last close.</li>
</ul>



Continental Aerospace Technologies (232 HK) announced the disposal of its revenue-generating business to Arcline for between US$500 million and US$520 million, with the proceeds to be distributed to shareholders. 
It also announced its intention to delist, to sell a property to AVIC, and to distribute the remaining cash (after wind-up costs) to shareholders.
The proceeds from the Arcline sale (HK$0.419 to HK$0.436 per share), property sale (HK$0.0073) and remaining cash (HK$0.063) are between HK$0.489 and HK$0.506, around 2.4x last close.


Con Aero Tech (232 HK): Disposal, Delisting and Special Divs at 2.4x Last Close