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

Soundwill Holdings (878 HK): An Opportunity or Another HK Arbageddon?

Soundwill Holdings (878 HK): Hard Lessons from Another HK Arbageddon

Weekly Deals Digest (25 May) - Toyota Industries, Shibaura, ESR, Soundwill, Mayne Pharma, GMO

Soundwill Holdings (878 HK): Foo Family’s Offer at HK$8.50

Soundwill Holdings (878 HK): Privatisation from the Controlling Shareholder?

Uncompromised, Independent, Conflict-Free Research

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/soundwill-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19318:1" rel="noopener">Soundwill Holdings (878 HK)</a>’s IFA opines that the Foo family’s HK$8.50 offer is fair and reasonable. The vote is on 23 May. </li>
<li>Key conditions include approval by at least 75% of independent shareholders (&lt;10% of independent shareholders' rejection) and a headcount test. No shareholder holds a blocking stake. </li>
<li>The offer is attractive compared to historical trading ranges. The vote risk is low. At the current price and for a June 11 payment, the gross/annualised spread is 4.3%/44.0%. </li>
</ul>



Soundwill Holdings (878 HK)’s IFA opines that the Foo family’s HK$8.50 offer is fair and reasonable. The vote is on 23 May. 
Key conditions include approval by at least 75% of independent shareholders (&lt;10% of independent shareholders' rejection) and a headcount test. No shareholder holds a blocking stake. 
The offer is attractive compared to historical trading ranges. The vote risk is low. At the current price and for a June 11 payment, the gross/annualised spread is 4.3%/44.0%. 


Soundwill Holdings (878 HK): Wide Spread Ahead of the 23 May Scheme Vote