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

Weekly Deals Digest (18 Jan) - Toyota Ind, Mandom, IJM, BioDlink, Dongfeng, Qube, Montage, Busy Ming

Low Keng Huat (LKH SP): Conditional VGO at S$0.72 May Need a Bump

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/low-keng-huat-singapore-ltd" target="_blank" data-smartkarma-citation="entities:1928:1" rel="noopener">Low Keng Huat Singapore (LKH SP)</a> has disclosed that the voluntary conditional offer from the Managing Director has increased 8.3% from S$0.72 to S$0.78 per share. </li>
<li>The revised offer is final, but it is 10.3% below the low-end of the IFA valuation range of S$0.87 to S$0.89 per share. The final closing date is 13 February.</li>
<li>As of 13 January, the offeror represents 81.53% of outstanding shares. Satisfying the 90% minimum acceptance condition remains problematic, as the revised offer is light.</li>
</ul>



Low Keng Huat Singapore (LKH SP) has disclosed that the voluntary conditional offer from the Managing Director has increased 8.3% from S$0.72 to S$0.78 per share. 
The revised offer is final, but it is 10.3% below the low-end of the IFA valuation range of S$0.87 to S$0.89 per share. The final closing date is 13 February.
As of 13 January, the offeror represents 81.53% of outstanding shares. Satisfying the 90% minimum acceptance condition remains problematic, as the revised offer is light.


Low Keng Huat (LKH SP): VGO Bumped to S$0.78 and Declared Final