Hongkong & Shanghai Hotels

HK&S Hotels (45 HK): Kadoories Mop Up Someone Else's Mess

Event-Driven
233 Views, 18 Jan 2022 11:29
EXECUTIVE SUMMARY
  • The Kadoorie family, Hongkong & Shanghai Hotels (45 HK)'s major shareholder, is paying HK$2.63bn to increase its holding to 72.43% from 59.98%.
  • The price under the SPA is $12.80/share, a 92.5% premium to the undisturbed price. Shares promptly gained 19.5% yesterday. No Offer was triggered. 
  • What is conveniently left out of the announcement, and in media articles, is the original owner of these shares - Tai United Holdings (718 HK).
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David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

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