In today’s briefing:
- SPH REIT Offer Goes Unconditional – The Option Now and Index Impacts To Come
- StubWorld: Genting’s TauRx Boost. Also Hanhwa Solutions, Semirara Mining
SPH REIT Offer Goes Unconditional – The Option Now and Index Impacts To Come
- Yesterday, it appears that a large holder of SPH REIT (SPHREIT SP) accepted the Cuscaden Chain Offer for the REIT.
- This morning just after midnight, the Cuscaden consortium announced that the Chain Offer had become Unconditional.
- This makes the 4-week option unconditional, and it means index impacts to come.
StubWorld: Genting’s TauRx Boost. Also Hanhwa Solutions, Semirara Mining
- Genting Bhd (GENT MK) gains 10.3% following the completion of TauRx’s Alzheimer’s drug trial. That’s an RM1.9bn lift in its market cap, or US$0.43bn.
- Preceding my comments on Genting, Hanwha Solutions (009830 KS), and Semirara Mining And Power Corp (SCC PM) are the current setup/unwind tables for Asia-Pacific Holdcos.
- These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation >20%.
Before it’s here, it’s on Smartkarma
