In today’s briefing:
- Quarz Capital Again Objects to the MNACT/MCT Deal – This Time to MAS
- Last Week in Event SPACE: Singapore Press, Yashili, WH Group, Uniti Group, Toshiba, China Conch
- Asia-Pac Weekly Risk Arb Summary: Mapletree, Singapore Press, Uniti Group, Yashili, Z Energy, Virtus
Quarz Capital Again Objects to the MNACT/MCT Deal – This Time to MAS
- Quarz Capital objects to the proposed Mapletree Commercial Trust (MCT SP) / Mapletree North Asia Commercial Trust (MAGIC SP) as they claim it is damaging to MNACT unitholder interests.
- Now they have written a letter to the Monetary Authority of Singapore asking them to Do Something to force MNACT directors to Do Something Different.
- I doubt it comes to anything, but activist-ish letter commentary is my bag so…
Last Week in Event SPACE: Singapore Press, Yashili, WH Group, Uniti Group, Toshiba, China Conch
- Singapore Press Holdings (SPH SP)‘s comments and answers about the SPH REIT Chain Offer may be misleading.
- China Mengniu (2319 HK) is in discussions regarding its holdings in Yashili (1230 HK) which may result in a number of “Potential Transactions”, and may include a pre-conditional privatisation offer.
- WH Group (288 HK) is two businesses – a US pork processor and a Chinese one – and both businesses are suffering lower margins than they’d like.
Asia-Pac Weekly Risk Arb Summary: Mapletree, Singapore Press, Uniti Group, Yashili, Z Energy, Virtus
- There are currently 44 – mostly firm – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- One new deal this week: Morrison & Co’s indicative Offer for Uniti Group (UWL AU); and China Mengniu Dairy (2319 HK)‘s pre-conditional privatisation offer for Yashili International Holdings (1230 HK).
- Key updates took place for: Singapore Press Holdings (SPH SP), Z Energy Ltd (ZEL NZ), Mapletree Commercial Trust (MCT SP), Virtus Health (VRT AU), and Western Areas (WSA AU).
Before it’s here, it’s on Smartkarma
