In today’s briefing:
- SK IE Technology Placement – Last Deal Didn’t Do Well, More Discount and Cleanup Should Help
- Emperador Secondary Listing – Driven by Whisky, Supported by Brandy
- Pre-IPO Gaush Meditech – The “Middlemen” Have Many Challenges
- Weilong Delicious Global Pre-IPO – Growth Is Slowing but Pre-IPO Valuation Has Been Halved
SK IE Technology Placement – Last Deal Didn’t Do Well, More Discount and Cleanup Should Help
- SK IE Technology’s (SKIE) shareholder aims to raise around US$228m via selling their remaining shareholding.
- The same shareholder had sold some of their stake earlier in Nov 21. That deal didn’t end up doing well.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
Emperador Secondary Listing – Driven by Whisky, Supported by Brandy
- Emperador (Emp) is looking to raise up to US$750m via a secondary listing in Singapore.
- Emp is the Philippines’ largest liquor company and the world’s largest brandy producer. Its products are sold in over 100 countries.
- In this note, we look at the company’s past performance.
Pre-IPO Gaush Meditech – The “Middlemen” Have Many Challenges
- Gaush Meditech (GMT HK) is a leading total solution provider of ophthalmic medical devices industry.
- The irreplaceability of Gaush in the whole industrial chain is actually not high based on its current business model.The proprietary product business may also need to face different policy risks.
- Together with other uncertainties such as increasing market competition and medical reform policy in China, we are conservative about Gaush’s outlook at the current stage.
Weilong Delicious Global Pre-IPO – Growth Is Slowing but Pre-IPO Valuation Has Been Halved
- Weilong Delicious Global (WDG), a spicy snack food company in China, aims to raise around US$500m in its Hong Kong IPO.
- According to F&S, WDG ranked first among spicy snack food enterprises in China, with a market share of 6.2%, and in the seasoned flour product and spicy vegetable snacks categories.
- In this note, we talk about the updates from its refiled PHIP.
Before it’s here, it’s on Smartkarma
