In today’s briefing:
- Essential Metal: Shareholder Vote On 12th Oct. The IE Says Not Fair
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Origin, United Malt, T&K Toka, Golden Eagle Energy, JMDC
- Weekly Deals Digest (17 Sep) – T&K Toka, IMAX, Poly Culture, Doosan Robotics, Integral, Tuhu
Essential Metal: Shareholder Vote On 12th Oct. The IE Says Not Fair
- After Mineral Resources (MIN AU) and other shareholders voted against the Tianqi Lithium JV transaction for Essential Metals (ESS AU), Develop Global (DVP AU) swooped and announced a binding Scheme.
- The all-scrip Scheme transaction has the backing of MinRes, who also owns a ~12.8% stake in Develop.
- The Scheme Booklet is now out. Essential shareholders vote on the transaction on the 18 October, with implementation on the 6 November. The IE opines “not fair but reasonable“.
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Origin, United Malt, T&K Toka, Golden Eagle Energy, JMDC
- I tally 50 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Four new deals this week: Pact Group Holdings (PGH AU); Golden Eagle Energy (SMMT IJ); Takisawa Machine Tool (6121 JP); and JMDC (4483 JP).
- Key updates took place for: Origin Energy (ORG AU), United Malt (UMG AU), Liontown Resources (LTR AU), Poly Culture (3636 HK), IMAX China Holding (1970 HK), and T&K Toka (4636 JP).
Weekly Deals Digest (17 Sep) – T&K Toka, IMAX, Poly Culture, Doosan Robotics, Integral, Tuhu
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments – Doosan Robotics (454910 KS), VNG (VinaGame) (VNG US), Integral Corporation (5842 JP), Tuhu Car (2007986D HK) and 4Paradigm (1764934D HK) IPOs.
- Event-Driven developments – T&K Toka Co Ltd (4636 JP), IMAX China Holding (1970 HK), Poly Culture Group Corp H (3636 HK), Liontown Resources (LTR AU), Pact Group Holdings (PGH AU).
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
