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

Baoxin Auto Group ("1293 HK") has a new substantial shareholder, China Grand Automotive Services ("SHSE:600297"), buying a 53.58% stake during an off market&nbsp;transaction&nbsp;at an average price of HKD 5.99.&nbsp;According to Rule 26.1, this will trigger a mandatory unconditional offer at a minimum price of HKD 5.99.Baoxin Auto has been suspended from trading since Monday, 7 Dec 2015, and its last close price (4 Dec 2015) was at HKD 4.15. The mandatory offer price will be, at bare minimum,&nbsp;44% higher.&nbsp;In this insight&nbsp;we look at the deal in more detail.

Baoxin Auto Group ("1293 HK") has a new substantial shareholder, China Grand Automotive Services ("SHSE:600297"), buying a 53.58% stake during an off market&nbsp;transaction&nbsp;at an average price of HKD 5.99.&nbsp;According to Rule 26.1, this will trigger a mandatory unconditional offer at a minimum price of HKD 5.99.Baoxin Auto has been suspended from trading since Monday, 7 Dec 2015, and its last close price (4 Dec 2015) was at HKD 4.15. The mandatory offer price will be, at bare minimum,&nbsp;44% higher.&nbsp;In this insight&nbsp;we look at the deal in more detail.

Baoxin Auto Group - Mandatory Offer to Kick In

China

Sunfonda Group Holdings Limited is an automobile dealer. The Company offers luxury and ultra-luxury automobiles in northwestern China.

Sanlian Commercial Co., Ltd. operates in retail businesses. The Company sells cleaning products, household electrical appliances, groceries, stationery, and other merchandise.

Cybernaut International Holdings Company Limited manufactures and distributes industrial machinery products. The Company produces molten steel flow control equipment, industrial accessories, and other products. Cybernaut International Holdings also offers equipment regular replacement services.

CSMall Group Limited wholesales jewelry products. The Company sells gold and silver bars, wearable jewelry, silverwares, and other products. CSMall Group also provides online jewelry products sales services.

China ZhengTong Auto Services Holdings Limited operates automotive dealerships throughout China. The Company specializes in retailing luxury automobiles as well as providing maintenance services for the cars it sells.

China Zhengtong Auto Services Hldg (1728 HK)

NaaS Technology Inc. operates as an electric vehicle charging services provider. The Company serves customers in China.

Jiangsu Hongtu High Technology Co., Ltd. manufactures and markets laser audio and video products, computers, networking equipment, cables, communication equipment, and other related products.  The Company also provides system integration services and invests in real estate development.

Jiangsu Hongtu High Technology Co, Ltd. (600122 CH)

Shanghai La Chapelle Fashion Co Limited is an apparel designer. The Company designs, markets and sells apparel products with a focus on mass-market ladies' casual wear.

China CIFCO Investment Co., Ltd. invests and manages investments in information technology, e-business, and high tech projects. It also developes software and provides services for financial companies.

Uxin Limited provides Internet based services. The Company offers car e-commerce platform that enables to consumers and dealers to buy and sell new and used cars. Uxin serves clients in China.

Esprit Holdings Limited, through its subsidiaries, designs, licenses, sources, wholesales, and retails high quality life-style products under the ESPRIT brand name in Europe, Asia Pacific and North America.  The Company also sells Red Earth cosmetics, skin, and body care products and operates Salon Esprit in Asia Pacific.

HASEGAWA CO., LTD. wholesales and retails Buddhist altars and accessories. The Company's sales network is located primarily in North Kyushu and the Tokyo metropolitan area.  Hasegawa also operates home centers, bowling alleys, and gravestone business.

TAY TWO CO., LTD. operates a used book store chain in the Chugoku, Kansai, and Kanto areas of Japan.  The Company sells mainly used books and video game software, videos, and CDs.  The Company also has a video rental business.

Sunfar Computer Co., Ltd. sells personal computers, computer peripheral equipment, computer related supplies, and computer software.

ENCHO CO., LTD. operates a home center chain based in Shizuoka Prefecture.  The Company sells construction materials, lumber, gardening supplies, power tools, metal materials for construction, interior materials, electrical equipment, lamps, automobile parts, and leisure goods based in Shizuoka.  The Company also operates new housing construction and renovation businesses.

Bossini International Holdings Limited, through its subsidiaries, retails and distributes garment.

Bike 0 & Company LTD. is a used motorcycle dealer. The Company mainly advertises its business in magazines, websites, radio, and TV commercials to lure potential customers. Bike also provides maintenance services at satellite retail stores, participates in motorcycle auctions, and sells used parts.

TRUST CO., LTD. exports and sells used cars to individual buyers through internet website.  The Company exports used cars mainly to Africa, Central South America, and Oceania.

HOUSE OF ROSE Co., Ltd. wholesales and retails natural cosmetics and miscellaneous goods at department stores and specialty stores.  The Company also imports cosmetics from foreign countries.

IT City Public Company Limited is a retailer of computers, computer peripherals and accessories, and office equipment.  The Company also provides computer repair and maintenance services.

Grand Baoxin Auto Group Limited operates as a automobile sales and service company. The Company focuses on selling mid-and-high end branded cars. Grand Baoxin Auto Group also offers used car sale, after-sales maintenance, and other services.

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Grand Baoxin Auto (1293 HK)

Baoxin Auto Group - Mandatory Offer to Kick In

Baoxin Auto Group ("1293 HK") has a new substantial shareholder, China Grand Automotive Services ("SHSE:600297"), buying a 53.58% stake during an...

Crispin Francis

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)