Beijing Jingneng (579 HK): Low Voter Turn-Out Sees Spread Widening
Currently trading at a massive gross spread of 11%, the widest since the deal was announced. This is in effect, a binary deal. I still believe this...
380 Views
Quiddity M&A : A Guide To Mergers By Absorption
Beijing Jingneng's effective tender rate is the highest of all Merger by Absorptions. However, bankers have lifted the tendering rate efficiency in...
466 Views
Zhejiang New Century (1158 HK): Pre-Conditional Offer
Assuming payment late-May, I would expect ZNCH to trade around $17/share, or a 6-7% gross spread, and a ~22% annualised spread. Buy around $17...
430 Views
Huazhu HK Secondary Listing - Early Look - Needs the Cash More than Most Secondary Candidates
Huazhu Group (HTHT US) has filed confidentially for a US$1bn secondary listing in Hong Kong, as per media reports. In our earlier insight, China...
500 Views
58.com: Offeror No Stranger To Privatisations. And Controversy
With the spotlight centered on the Luckin Coffee (LK US) fraud, on the same day, China's 58.Com Inc Adr (WUBA US) received a preliminary,...
537 Views