IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

Dongzheng Automotive Finance / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shanghai-dongzheng-automotive-finance-co-ltd" target="_blank" data-smartkarma-citation="entities:27984:1" rel="noopener">Dongzheng Automotive Finance (2718 HK)</a>'s composite document is out with the offer open from 15 September to 6 October. The IFA considers the offer to be fair and reasonable.</li>
<li>
<a href="https://www.smartkarma.com/entities/saic-motor-corp-ltd-a" target="_blank" data-smartkarma-citation="entities:20833:1" rel="noopener">SAIC Motor (600104 CH)</a>, which acquired a 71.04% stake, has launched an unconditional MGO at HK$1.2430 per H Share. SAIC intends to maintain Dongzheng’s listing status.</li>
<li>At the last close and the 17 October payment, the gross and annualised spread to the MGO price is 1.1% and 13.3%, respectively.</li>
</ul>



Dongzheng Automotive Finance (2718 HK)'s composite document is out with the offer open from 15 September to 6 October. The IFA considers the offer to be fair and reasonable.

SAIC Motor (600104 CH), which acquired a 71.04% stake, has launched an unconditional MGO at HK$1.2430 per H Share. SAIC intends to maintain Dongzheng’s listing status.
At the last close and the 17 October payment, the gross and annualised spread to the MGO price is 1.1% and 13.3%, respectively.


Dongzheng’s Unconditional MGO at HK$1.2430 Opens

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>Back on the 19 May, <a href="https://www.smartkarma.com/entities/saic-motor-corp-ltd-a" target="_blank" data-smartkarma-citation="entities:20833:1" rel="noopener">SAIC (600104 CH)</a> acquired <a href="https://www.smartkarma.com/entities/china-zhengtong-auto-services" target="_blank" data-smartkarma-citation="entities:17001:1" rel="noopener">China Zhengtong Auto Services (1728 HK)</a>'s 71.04% stake in <a href="https://www.smartkarma.com/entities/shanghai-dongzheng-automotive-finance-co-ltd" target="_blank" data-smartkarma-citation="entities:27984:1" rel="noopener">Dongzheng Automotive Finance (2718 HK)</a> at a judicial auction. This triggered the mandatory Offer.</li>
<li>SAIC confirmed a possible unconditional mandatory cash Offer for Dongzheng on the <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0527/2022052700075.pdf" target="_blank" rel="noopener">26 May</a>.</li>
<li>The Composite Doc has now been <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0915/2022091500007.pdf" target="_blank" rel="noopener">dispatched</a>. The Offer is open for tendering and closes on the 6 October</li>
</ul>


Back on the 19 May, SAIC (600104 CH) acquired China Zhengtong Auto Services (1728 HK)'s 71.04% stake in Dongzheng Automotive Finance (2718 HK) at a judicial auction. This triggered the mandatory Offer.
SAIC confirmed a possible unconditional mandatory cash Offer for Dongzheng on the 26 May.
The Composite Doc has now been dispatched. The Offer is open for tendering and closes on the 6 October


SAIC’s Unconditional Offer For Dongzheng Now Open

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul>
<li>
In Depth: Missfresh implosion highlights bitter business of selling groceries online
</li>
<li>
Beijing sanctions more individuals in Taiwan in response to U.S. congressional visits
</li>
<li>
Fugitive behind $15 billion Myanmar business hub arrested in Thailand
</li>
</ul>



In Depth: Missfresh implosion highlights bitter business of selling groceries online


Beijing sanctions more individuals in Taiwan in response to U.S. congressional visits


Fugitive behind $15 billion Myanmar business hub arrested in Thailand



CX Daily: Missfresh Implosion Highlights Bitter Business of Selling Groceries Online

<ul><li>Digital yuan / Cover Story: The challenges ahead for China’s digital yuan</li><li>Floods / Flash floods in Southwest China kill seven as tourists ignore warning</li><li>Jobless / China’s youth unemployment rate rises to another record</li></ul>

Digital yuan / Cover Story: The challenges ahead for China’s digital yuanFloods / Flash floods in Southwest China kill seven as tourists ignore warningJobless / China’s youth unemployment rate rises to another record

CX Daily: The Challenges Ahead for China’s Digital Yuan

Equity Capital Markets

China Tourism Group Duty Free Corp Ltd / Equity Capital Markets

<ul>
<li>A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.</li>
<li>ECM developments - <a href="https://www.smartkarma.com/entities/china-tourism-group-duty-free-corp-ltd" target="_blank" data-smartkarma-citation="entities:12278:1" rel="noopener">China Tourism Group Duty Free Corp Ltd (601888 CH)</a> has launched an H Share listing to raise US$1.9-2.2 billion.</li>
<li>Event-Driven developments at <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>, <a href="https://www.smartkarma.com/entities/lifestyle-international-holdings-ltd" target="_blank" data-smartkarma-citation="entities:112:1" rel="noopener">Lifestyle International Holdings (1212 HK)</a>, <a href="https://www.smartkarma.com/entities/oz-minerals-ltd" target="_blank" data-smartkarma-citation="entities:1138:1" rel="noopener">OZ Minerals Ltd (OZL AU)</a>, <a href="https://www.smartkarma.com/entities/maca-ltd" target="_blank" data-smartkarma-citation="entities:11390:1" rel="noopener">MACA Ltd (MLD AU)</a>, <a href="https://www.smartkarma.com/entities/excelpoint-technology-ltd" target="_blank" data-smartkarma-citation="entities:1774:1" rel="noopener">Excelpoint Technology (EXLP SP)</a>, MyDeal.    </li>
</ul>


A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
ECM developments - China Tourism Group Duty Free Corp Ltd (601888 CH) has launched an H Share listing to raise US$1.9-2.2 billion.
Event-Driven developments at EVOC Intelligent Technology Company Limited H (2308 HK), Lifestyle International Holdings (1212 HK), OZ Minerals Ltd (OZL AU), MACA Ltd (MLD AU), Excelpoint Technology (EXLP SP), MyDeal.    


Weekly Deals Digest (14 Aug) - CTG Duty Free, OZ Minerals, Lifestyle Intl., EVOC, MACA, MyDeal

China

SAIC Motor Corporation Ltd., through joint ventures, manufactures and markets automobiles and related parts and accessories.

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SAIC Motor (600104 CH)

Dongzheng’s Unconditional MGO at HK$1.2430 Opens

The unconditional MGO is open from 15 September to 6 October. At the last close and the 17 October payment, the annualised spread to the MGO price...

Arun George

SAIC’s Unconditional Offer For Dongzheng Now Open

Trading almost at terms. Take advantage on any weakness during the Offer period; although this looks to be more of a back-end play from here.

David Blennerhassett

CX Daily: Missfresh Implosion Highlights Bitter Business of Selling Groceries Online

In Depth: Missfresh implosion highlights bitter business of selling groceries online. Beijing sanctions more individuals in Taiwan in response to...

Caixin Global

CX Daily: The Challenges Ahead for China’s Digital Yuan

Digital yuan / Cover Story: The challenges ahead for China’s digital yuan. Floods / Flash floods in Southwest China kill seven as tourists ignore...

Caixin Global

Weekly Deals Digest (14 Aug) - CTG Duty Free, OZ Minerals, Lifestyle Intl., EVOC, MACA, MyDeal

Last week, notable developments occurred in Event-Driven (Alliance Aviation, MACA. MyDeal, OZ Minerals Dongzheng AFC, EVOC, Lifestyle Intl.,...

Arun George

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