Golden Eagle Retail (3308 HK): Controlling Family’s Privatisation Offer at HK$6.88
The offer price is final. The offer is reasonable particularly as the sentiment on the department store sector remains weak. This looks like a done...
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Lifestyle International (1212 HK)’s Wide Spread Heading into the 21 November Vote
Ongoing weak Hong Kong retail sales and peers’ slightly de-rating should lower the vote risk. Headcount test not applicable. While light, we...
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Lifestyle International’s Court Meeting on 21 November
The offer is light but there is no headcount test. No shareholder holds a blocking stake. At the last close, the gross spread to the offer is 9.6%.
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Lifestyle International’s HK$5.00 Privatisation Bid
The first case of controlling shareholders taking advantage of the upcoming removal of the headcount test for Cayman schemes. We would be buyers up...
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Last Week in Event SPACE – Toshiba, JA Solar, Hyundai Merchant, Hochtief, ASE
Last week, the announced capital raising resurrects Toshiba Corp (6502 JP); minorities should exercise a "Shanda" on the JA Solar Holdings Co (JASO...
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