Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. 

On Smartkarma, I mainly publish insights on index flow events in the Asia-Pacific region. This includes predicting regular and intra-review index changes and estimating upcoming passive flows. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Pan-Asia Index Flows & Special Situations

CEI Limited (CEI SP): Privatization Deal by AEM Holdings (AEM SP) Trading with a View to Complete

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<p>On 11th January 2021, Singapore-based electronic components manufacturer <a href="https://www.smartkarma.com/entities/cei-limited" target="_blank" data-smartkarma-citation="entities:16816:1" rel="noopener">CEI Limited (CEI SP)</a> received a <a href="https://links.sgx.com/FileOpen/Pre-Conditional%20Offer%20Announcement.ashx?App=Announcement&amp;FileID=644825" target="_blank" rel="noopener">Pre-conditional Voluntary Offer</a> from a wholly-owned subsidiary of <a href="https://www.smartkarma.com/entities/aem-holdings-ltd" target="_blank" data-smartkarma-citation="entities:11019:1" rel="noopener">AEM Holdings (AEM SP)</a> valuing the company at S$100mn.</p><p>The making of the Offer was subject to the satisfaction of the pre-condition which required approval-in-principle of the SGX-ST for the listing and quotation of the New AEM Holdings Shares. </p><p>Today, AEM <a href="https://links.sgx.com/FileOpen/AEM%20Holdings%20-%20AIP%20Announcement%2015%20Feb%202021.ashx?App=Announcement&amp;FileID=648282" target="_blank" rel="noopener">confirmed</a> that the pre-condition has been satisfied. </p><div><p>Below is a look at what this means to the Deal Timeline and how the various cash and scrip alternatives compare against each other. </p></div><p></p><hr><div><div><div class="content-remarks"><p>For more information about M&amp;A rules, regulations, and practices in Singapore, please refer to <a href="https://www.smartkarma.com/insights/quiddity-singapore-m-a-guide-2019" target="_blank" data-smartkarma-citation="insights:28849" rel="noopener">Quiddity Singapore M&amp;A Guide 2019</a> </p></div></div></div>

On 11th January 2021, Singapore-based electronic components manufacturer CEI Limited (CEI SP) received a Pre-conditional Voluntary Offer from a wholly-owned subsidiary of AEM Holdings (AEM SP) valuing the company at S$100mn.The making of the Offer was subject to the satisfaction of the pre-condition which required approval-in-principle of the SGX-ST for the listing and quotation of the New AEM Holdings Shares. Today, AEM confirmed that the pre-condition has been satisfied. Below is a look at what this means to the Deal Timeline and how the various cash and scrip alternatives compare against each other. For more information about M&amp;A rules, regulations, and practices in Singapore, please refer to Quiddity Singapore M&amp;A Guide 2019 

AEM's Privatization Deal for CEI Limited (CEI SP): Pre-Condition Satisfied