Could be the start of a few more cornerstone exits
An IPO cornerstone investor plans to raise US$370m through selling their entire stake in Dalian Wanda.The stock is now 30% above IPO price and...
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China Property / Debt - when Kaisa broke our Trust
Kaisa failed to make an interest payment due Jan 8 on $500 million of 10.25% dollar bonds (the first Chinese property company to default on...
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Reasonable valuation and possible index inclusion make us positive on the deal despite debt concerns
We would take the deal.For Momentum/Liquidity Strategy investors the deal scores reasonably well on our Momentum-Adjusted IPO Framework, while for...
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