Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Event-Driven

Dalian Wanda Commercial Properties / Event-Driven

Dalian Wanda Commercial Properties (1567411D HK)

<ul><li>Dalian Wanda Group, the Controlling Shareholder of Dalian Wanda Commercial Properties ("3699 HK"), has informed the company that it is in the preliminary phase of considering a Voluntary General Offer for the H Shares</li><li>If the Voluntary General Offer proceeds, it could result in the privatization and delisting of the Company from the Stock Exchange</li><li>Consideration is also being given as to whether and how to proceed, subject to relevant laws and regulations, with an offer for holders of domestic shares (A Shares) of the Company</li><li>Dalian Wanda Group has indicated that the offer price will be not less than HKD 48 (this is also the IPO price of 3699 HK in December 2014) </li></ul>3699 HK has 14.4% of its share capital in H Shares and 85.6% in A Shares. The Controlling Shareholder, owns 43.71% of 3699 entirely in A Shares. We've recently seen deals involving delistings of H and A Shares; Wumart, Zhengzhou China Resource Gas, Jingwei Textile and Hunan Nonferrous Metals come to mind.In this insight, we take a look at the possible deal timeline, the possible offer range and examine the likelihood of deal completion.

Dalian Wanda Group, the Controlling Shareholder of Dalian Wanda Commercial Properties ("3699 HK"), has informed the company that it is in the preliminary phase of considering a Voluntary General Offer for the H SharesIf the Voluntary General Offer proceeds, it could result in the privatization and delisting of the Company from the Stock ExchangeConsideration is also being given as to whether and how to proceed, subject to relevant laws and regulations, with an offer for holders of domestic shares (A Shares) of the CompanyDalian Wanda Group has indicated that the offer price will be not less than HKD 48 (this is also the IPO price of 3699 HK in December 2014) 3699 HK has 14.4% of its share capital in H Shares and 85.6% in A Shares. The Controlling Shareholder, owns 43.71% of 3699 entirely in A Shares. We've recently seen deals involving delistings of H and A Shares; Wumart, Zhengzhou China Resource Gas, Jingwei Textile and Hunan Nonferrous Metals come to mind.In this insight, we take a look at the possible deal timeline, the possible offer range and examine the likelihood of deal completion. 

Dalian Wanda - I Wanda How He Thinks He Can Privatize at HK$48