Meilan Airport (357 HK)'s SPA (Finally) Done. Now For The HK$10.62/Share MGO
The MGO is unconditional. I have no strong conviction on the back-end. The Offer Price was only a 10.6% premium to undisturbed. Expect this to...
455 Views
Meilan Airport (357 HK): SPA Precondition Satisfied, Setting up an Unconditional MGO at HK$10.62
Tendering is likely to be low as the offer is unattractive. At the last close and for a mid-February 2026 payment, the gross/annualised spread is...
326 Views
Meilan Airport (357 HK)'s Special Deal And Tardy MGO
The SPA/MGO is a clean deal for Meilan Airport. I previously mused this may trade through terms given the change of control. I have no strong...
332 Views
Merger Arb Mondays (22 Dec) - Dongfeng, Jinke, ANE, ENN, Makino, Pacific Ind, Raksul, Toyota Ind
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
338 Views
Meilan Airport (357 HK): Positive on The Only China Airport Trading Below Book Value
50% market cap wiped off left Meilan Airport as the only China airport trading below book value. We believe the airport's fundamentals are not as...
702 Views