Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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

Research Reinvented

Event-Driven

China Tonghai International / Event-Driven

<h2>Deal Break</h2>Quam <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0302/LTN20160302013.pdf" target="_blank">announced</a> this morning that the CMBCI Completion has notbecome unconditional on or before the long stop date (28 Feb 2016).   CMBCI Completion - Completion of CMBCI Subscription for 8,867,256,637 Subscription Shares by CMBCI at HK$0.565 per Subscription Share Given the fact that CBRC approval had flowed in around mid-Feb 2016, the ball seemed to have been in CMBCI's court. However with the benefit of hindsight it is now clear that CMBCI was in fact looking for a way out of this…

Deal BreakQuam announced this morning that the CMBCI Completion has notbecome unconditional on or before the long stop date (28 Feb 2016).    CMBCI Completion - Completion of CMBCI Subscription for 8,867,256,637 Subscription Shares by CMBCI at HK$0.565 per Subscription Share Given the fact that CBRC approval had flowed in around mid-Feb 2016, the ball seemed to have been in CMBCI's court. However with the benefit of hindsight it is now clear that CMBCI was in fact looking for a way out of this…

China Tonghai International

Share Subscriptions Fall Through