Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Japan's <a href="https://www.smartkarma.com/entities/kirin-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:16977:1" rel="noopener">Kirin Holdings (2503 JP)</a> has proposed taking Aussie vitamin play <a href="https://www.smartkarma.com/entities/blackmores-ltd" target="_blank" data-smartkarma-citation="entities:928:1" rel="noopener">Blackmores Ltd (BKL AU)</a> private by way of a Scheme at A$95/share. </li>
<li>That's a 23.7% premium to last close, and represents 23.1x LTM December 2022 EBITDA. </li>
<li>Irrevocables are 18% of shares out. This Scheme requires clearance from ACCC, FIRB - and China's SAMR.</li>
</ul>


Japan's Kirin Holdings (2503 JP) has proposed taking Aussie vitamin play Blackmores Ltd (BKL AU) private by way of a Scheme at A$95/share. 
That's a 23.7% premium to last close, and represents 23.1x LTM December 2022 EBITDA. 
Irrevocables are 18% of shares out. This Scheme requires clearance from ACCC, FIRB - and China's SAMR.


Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

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China

Health and Happiness H&H International Holdings Ltd provides health care supplements. The Company offers pediatric nutritional and baby care products. Health and Happiness H&H International Holdings serves nutrition and wellness industries worldwide.

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Health And Happiness (H&H) (1112 HK)

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