IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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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/samson-holding-ltd" target="_blank" data-smartkarma-citation="entities:2767:1" rel="noopener">Samson Holding (531 HK)</a> disclosed a Cayman scheme privatisation offer from Mr Samuel Kuo (Chairman) at HK$0.48 per share, a 77.8% and 50.0% premium to undisturbed and last close price, respectively. </li>
<li>The key condition will be approval by at least 75% of disinterested shareholders (&lt;10% of all disinterested shareholders rejection). The offer price is final.</li>
<li>The attractive takeover premium, lack of shareholders holding a blocking stake, and low AGM minority participation rate point to a done deal. However, this is a small cap illiquid stock.</li>
</ul>



Samson Holding (531 HK) disclosed a Cayman scheme privatisation offer from Mr Samuel Kuo (Chairman) at HK$0.48 per share, a 77.8% and 50.0% premium to undisturbed and last close price, respectively. 
The key condition will be approval by at least 75% of disinterested shareholders (&lt;10% of all disinterested shareholders rejection). The offer price is final.
The attractive takeover premium, lack of shareholders holding a blocking stake, and low AGM minority participation rate point to a done deal. However, this is a small cap illiquid stock.


Samson Holding (531 HK): Chairman’s Scheme Privatisation at HK$0.48

China

Viomi Technology Co., Ltd operates as a holding company. The Company, through its subsidiaries, develops and sells Internet-of-things-enabled home products such as water purifiers, refrigerator, fan, water dispenser, water heaters, and washing machines. Viomi Technology serves customers in China.

Kasen International Holdings Ltd manufactures upholstered furniture and leather products in China.  The Company serves United States furniture companies.  Kasen International also sells automotive leather to automobile parts suppliers.

Sky Light Holdings Limited provides digital devices and solutions. The Company specializes in developing digital imaging and technology products such as action cameras and accessories, home imaging products, car camcorders, waterproof digital cameras, portable scanners, and wi-fi enabled products.

Guanghe Landscape Culture Communication Co., Ltd, Shanxi provides media event planning services, operates hotels and designs cartoons. The Company sells handicrafts, general merchandise and audio-video products.

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Zhejiang Youpon Integrted Ceiling (002718 CH)

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Jiangsu Chunlan Refrigerating Equipment Stock Co., Ltd. manufactures and markets a variety of air conditioners.  The Company also produces laundry equipment, refrigerators, and television.

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Inventec Besta Company Ltd. manufactures electronic dictionaries, digital video cameras, and MP3 players.

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TWINBIRD CORPORATION manufactures and sells consumer electronics.  The Company's products include portable TVs, vacuum cleaners, electronic massagers, outdoor lanterns, coffee makers, and alarm clocks.  Twinbird operates overseas, including a representative office in Hong Kong.

Sinomax Group Limited develops spinal-care products for use in the office and at home. The Company sells specialty chairs, pillows, matresses, and massage products. Sinomax manufactures their products in China and distributes them globally.

RIBERESUTE CORPORATION sells residential and commercial buildings such as condominiums and custom housings.  The Company also operates real estate brokerage and property management businesses.  Additionally, Riberesute sells natural stone and housing materials such as kitchen cabinets.

DPS Resources Berhad is an investment holding company. The Company, through its subsidiaries, manufactures rubber wood furniture components and roof truss as well as provides kiln drying services.

mbs. inc. repairs and renovates outer walls and interiors for housings and buildings.  The Company also provides consulting services on renovation work.

Morris Holdings Limited is a furniture manufacturer. The Company designs, produces, and markets sofa, wood furniture, and other related accessories around the world.

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Morris Holdings Ltd (1575 HK)

Samson Holding (531 HK): Chairman’s Scheme Privatisation at HK$0.48

The attractive takeover premium, lack of shareholders holding a blocking stake, and low AGM minority participation rate point to a done deal....

Arun George

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