APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/6232" target="_blank" data-smartkarma-citation="entities:6232:1">Chiyoda Corp (6366 JP)</a> plans to sell down their entire stake in <a href="https://www.smartkarma.com/entities/20237" target="_blank" data-smartkarma-citation="entities:20237:1">CTCI Corp (9933 TT)</a>, representing 9.17% of total outstanding shares for US$92m. Chiyoda is currently the largest shareholder of CTCI. </p><p>The deal scores poorly on our framework due to the large deal size and its track record of earnings under-performing its peers. Chiyoda initially invested in CTCI in 2011 to enhance and facilitate collaboration on non-hydrocarbon projects. The divestment might point towards a possible end of…</p>

Chiyoda Corp (6366 JP) plans to sell down their entire stake in CTCI Corp (9933 TT), representing 9.17% of total outstanding shares for US$92m. Chiyoda is currently the largest shareholder of CTCI. The deal scores poorly on our framework due to the large deal size and its track record of earnings under-performing its peers. Chiyoda initially invested in CTCI in 2011 to enhance and facilitate collaboration on non-hydrocarbon projects. The divestment might point towards a possible end of…

CTCI Corp Placement - Possible End to a Long Partnership?