IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Event-Driven

EVOC Intelligent Technology Company Limited H / Event-Driven

EVOC Intelligent Technology Company Limited H

<ul>
<li>
<a href="https://www.smartkarma.com/entities/evoc-intelligent-technology-company-limited-h" target="_blank" data-smartkarma-citation="entities:2015:1" rel="noopener">EVOC Intelligent Technology Company Limited H (2308 HK)</a> entered a trading halt pending the release of an announcement under the Hong Kong Code on Takeovers and Mergers on 1 August.</li>
<li>It is likely that after two failed attempts, Mr Chen Zhi Lie, the ultimate controlling shareholder, will try a third time to privatise EVOC.</li>
<li>The previous offer of HK$1.50 per H Share in 2020 marginally missed the 90% minimum acceptance condition. Expect a similar structure with a likely slightly higher offer price.  </li>
</ul>



EVOC Intelligent Technology Company Limited H (2308 HK) entered a trading halt pending the release of an announcement under the Hong Kong Code on Takeovers and Mergers on 1 August.
It is likely that after two failed attempts, Mr Chen Zhi Lie, the ultimate controlling shareholder, will try a third time to privatise EVOC.
The previous offer of HK$1.50 per H Share in 2020 marginally missed the 90% minimum acceptance condition. Expect a similar structure with a likely slightly higher offer price.  


EVOC Subject to a Third Privatisation Attempt?

China

EVOC Intelligent Technology Company Limited, through its subsidiaries, researches, develops, manufactures, and distributes EIP (Embedded Intelligent Platform) products in China.

EVOC Intelligent Technology Company Limited H (2308 HK)

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EVOC Subject to a Third Privatisation Attempt?

A 32% share price spike forced a trading halt. The controlling shareholder likely hopes the third time is the charm in privatising EVOC.

Arun George