China VAST’s Underwhelming Privatisation Bid from China Jinmao
The offer price is unattractive to historical multiples and precedent transactions. We would be buyers up to HK$2.26 per share (implies 75% deal...
489 Views
Wanda Commercial Management Group Pre-IPO - The Positives - Aiming for One of HK's Largest 2022 IPOs
Wanda Commercial Management Group (WCMG) is looking to raise up to US$4bn in its upcoming Hong Kong IPO. In this note, we talk about the positive...
293 Views
Hopewell's Egregiously Bad Offer, But What Can You Do?
The Scheme Document for the privatisation of Hopewell Holdings (54 HK) has been dispatched. The court meeting will be held on the 21 March. The...
615 Views
Hopewell Holdings To Be Privatised
Hopewell Holdings (54 HK) is currently suspended pending a privatisation announcement by way of a scheme. HHL was in the news late last year and...
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New Stamp Duty Negative on Transaction Volume in the NearTerm
The Hong Kong government announced a new ad valorem stamp duty, or AVD, late on Nov. 4. Effective Nov. 5, except for first-time homebuyers who are...
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