IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Weekly Deals Digest (02 Apr) - AAG, Liontown, Mincor, Toshiba, Rakuten Bank, Trial, Harita Nickel

Merger Arb Mondays (03 Apr) - Toshiba, Toyo, AAG, Origin, United Malt, Liontown, Mincor, Healius

Merger Arb Mondays (24 Apr) - AAG Energy, Jiangnan, HKBN, Healius, Lian Beng, Toyo

AAG Energy (2686 HK): Xinjiang Xintai’s Light but Final HK$1.85 Offer

AAG Energy (2686 HK): Pre-Condition Satisfied as Doubts Sets In

AAG Energy (2686 HK): Solid Results Amplify the Risk of the NO Vote

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Global Equity Research Ltd

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/aag-energy-holdings-ltd" target="_blank" data-smartkarma-citation="entities:501:1" rel="noopener">Aag Energy Holdings (2686 HK)</a> scheme document is out with the court meeting scheduled for 27 April. The IFA considers the HK$1.85 offer to be fair and reasonable.</li>
<li>The IFA’s conclusion is dubious as the contents of the report could easily have come to the opposite conclusion. The quick despatch of the scheme document is worrying. </li>
<li>The weak IFA report will further annoy minorities and push more towards the NO camp. The vote is on a knife edge which is reflected in the current 13.5% spread. </li>
</ul>



Aag Energy Holdings (2686 HK) scheme document is out with the court meeting scheduled for 27 April. The IFA considers the HK$1.85 offer to be fair and reasonable.
The IFA’s conclusion is dubious as the contents of the report could easily have come to the opposite conclusion. The quick despatch of the scheme document is worrying. 
The weak IFA report will further annoy minorities and push more towards the NO camp. The vote is on a knife edge which is reflected in the current 13.5% spread. 


Yanchang Petroleum International (346 HK)

China Energy Development Holdings Ltd (228 HK)

AAG Energy (2686 HK): Rushed Scheme Document Points to a Vote on a Knife Edge