Hailan Holdings (2278 HK): Conditional Offer Open but Success Is Daunting

309 Views12 Jun 2023 14:43
The acceptance condition is daunting due to the high hurdle rate and the lack of a bump. Risk/reward is unattractive as the current gross spread of 5.0% equals the premium to the undisturbed price.
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Arun George
IPOs and Catalysts/Events
Global Equity Research Ltd
Information TechnologyEquitiesEquity Capital MarketsEvent-Driven