Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Japan based temporary staffing companies <a href="https://www.smartkarma.com/entities/trust-tech-inc" target="_blank" data-smartkarma-citation="entities:17685:1" rel="noopener">BeNEXT Group (2154 JP)</a> and <a href="https://www.smartkarma.com/entities/yumeshin-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:12939:1" rel="noopener">Yumeshin Holdings (2362 JP)</a> announced on Friday (after close) that they had agreed to merge.Following the completion of this transaction <a href="https://www.smartkarma.com/entities/trust-tech-inc" target="_blank" data-smartkarma-citation="entities:17685:1" rel="noopener">BeNEXT Group (2154 JP)</a> will be the surviving entity and <a href="https://www.smartkarma.com/entities/yumeshin-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:12939:1" rel="noopener">Yumeshin Holdings (2362 JP)</a> will be the extinct entity. The exchange ratio is 0.63 shares of BeNEXT Group for each share of Yumeshin Holdings. The Merger is expected to be Effective on 1st April 2021. In this insight we take a look at the likelihood of Deal completion, the fundamentals of these companies, and the TOPIX Index Event which accompanies the deal.

Japan based temporary staffing companies BeNEXT Group (2154 JP) and Yumeshin Holdings (2362 JP) announced on Friday (after close) that they had agreed to merge.Following the completion of this transaction BeNEXT Group (2154 JP) will be the surviving entity and Yumeshin Holdings (2362 JP) will be the extinct entity. The exchange ratio is 0.63 shares of BeNEXT Group for each share of Yumeshin Holdings. The Merger is expected to be Effective on 1st April 2021. In this insight we take a look at the likelihood of Deal completion, the fundamentals of these companies, and the TOPIX Index Event which accompanies the deal.

BeNEXT - Yumeshin Merger: Interesting Fundamentals and a TOPIX Index Event

Japan

Interworks Inc. was founded in 1991. The Company's line of business includes providing computer programming services.

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Interworks Inc (6032 JP)

BeNEXT - Yumeshin Merger: Interesting Fundamentals and a TOPIX Index Event

A merger between two similar companies, announced and effective in a hurry. The EGMs are end-March for Merger Effective Date April 1. This is more...

Janaghan Jeyakumar, CFA

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