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

Jiangnan Group (1366 HK): Scheme Vote on 15 May

Weekly Deals Digest (23 Apr) - HKBN, Jiangnan, Lian Beng, Yuexiu Property, ZJLD, Mankind, Adicon

Jiangnan Group (1366 HK): Chairman/CEO’s Privatisation Offer at HK$0.40

Jiangnan Group (1366 HK): Is the Chairman/CEO Reattempting Privatisation?

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Global Equity Research Ltd

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Event-Driven

<ul>
<li>The shareholder with a blocking stake has provided an irrevocable to accept Mr Chu Hui (Chairman and CEO)’s offer to privatise <a href="https://www.smartkarma.com/entities/jiangnan-group-ltd" target="_blank" data-smartkarma-citation="entities:9828:1" rel="noopener">Jiangnan (1366 HK)</a> at HK$0.40 per share</li>
<li>Key condition is approval by at least 75% of disinterested shareholders (&lt;10% of all disinterested shareholders rejection). There are no other shareholders with a blocking stake. </li>
<li>The price is final and attractive in the context of historical prices and multiples. At the last close, the gross spread is 8.1%. Scheme document likely despatched in mid-April.</li>
</ul>


The shareholder with a blocking stake has provided an irrevocable to accept Mr Chu Hui (Chairman and CEO)’s offer to privatise Jiangnan (1366 HK) at HK$0.40 per share
Key condition is approval by at least 75% of disinterested shareholders (&lt;10% of all disinterested shareholders rejection). There are no other shareholders with a blocking stake. 
The price is final and attractive in the context of historical prices and multiples. At the last close, the gross spread is 8.1%. Scheme document likely despatched in mid-April.


Ningbo Orient Wires & Cables C (603606 CH)

Jiangnan Group (1366 HK): Irrevocable from the Shareholder with a Blocking Stake