In today’s briefing:
- JD.com Tencent Distribution Quick Update – Settlement Done. Shares Hit CCASS, but Not All Shares
- Press Metals Aluminum Holdings Placement – Well Flagged Deal, Stock Has Done Well
JD.com Tencent Distribution Quick Update – Settlement Done. Shares Hit CCASS, but Not All Shares
- On 23rd Dec 2021, Tencent declared a special interim dividend in the form of a distribution in specie of 457.326m Class A ordinary shares of JD.com.
- While Tencent went ex-div on 20th Jan 2022, the actual settlement of the distribution is happened on 25th Mar 2022.
- In this note, we talk about the updates since our last note and the actual number of shares in CCASS.
Press Metals Aluminum Holdings Placement – Well Flagged Deal, Stock Has Done Well
- Press Metal Aluminum Holdings (PMAH) aims to raise around US$233m via a primary placement.
- The stock has been doing well on the back of buoyant Aluminum prices over the past few months.
- In this note, we will run the deal through our ECM framework and talk about the recent updates.
Before it’s here, it’s on Smartkarma
