In today’s briefing:
- Last Week in Event SPACE: Mapletree Merger, China Mobile, LG Chem, China Logistics
- Asia-Pac Weekly Risk Arb Summary: ARA LOGOS, Katakura Industries, China Logistics, Yorkey Optical
Last Week in Event SPACE: Mapletree Merger, China Mobile, LG Chem, China Logistics
- China Mobile (941 HK) announced it would start executing on its buyback mandate (10% of H-shares out (2.047bn shares). This is potentially enormous. And absolutely praise-worthy.
- The Mapletree Commercial Trust (MCT SP) and Mapletree North Asia Commercial Trust (MAGIC SP) prospective merger means a lot of flow. Lots and lots of flow.
- The market was assigning ₩18bn (₩232,000/share) less for LG Chem (051910 KS) stub ops since December 2020, when the battery business division (LG Energy Solution (LGENERGY KS)) was carved out.
Asia-Pac Weekly Risk Arb Summary: ARA LOGOS, Katakura Industries, China Logistics, Yorkey Optical
- There are currently 45 – mostly firm – transactions currently being discussed and analysed on Smartkarma
- For a change of pace, there were no new deals this week discussed on Smartkarma.
- There were updates for Katakura Industries (3001 JP), China Logistics Property Holdings (1589 HK), ESR-REIT (EREIT SP)/ARA LOGOS (ALLT SP), and Yorkey Optical International Cayman (2788 HK).
Before it’s here, it’s on Smartkarma
