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

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

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Event-Driven

Continental Aerospace Technologies / Event-Driven

Continental Aerospace Technologies (232 HK)

<ul>
<li>The <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> IFA opines that the terms of the sale of the revenue-generating business to Arcline and the disposal of the property are fair and reasonable. </li>
<li>The proceeds from the Arcline sale (HK$0.4238 to HK$0.4350 per share), the property sale (HK$0.0073), and the remaining cash (HK$0.062) total between HK$0.493 and HK$0.504.</li>
<li>Despite the emergence of new substantial shareholders, the SGM vote will pass. At the last close, the gross spread for the minimum and maximum offers was 3.8% and 6.2%, respectively.</li>
</ul>


The Continental Aerospace Technologies (232 HK) IFA opines that the terms of the sale of the revenue-generating business to Arcline and the disposal of the property are fair and reasonable. 
The proceeds from the Arcline sale (HK$0.4238 to HK$0.4350 per share), the property sale (HK$0.0073), and the remaining cash (HK$0.062) total between HK$0.493 and HK$0.504.
Despite the emergence of new substantial shareholders, the SGM vote will pass. At the last close, the gross spread for the minimum and maximum offers was 3.8% and 6.2%, respectively.


Con Aero Tech (232 HK): SGM Vote on Disposal, Delisting and Special Div on 21 September