Logan Property - They Went Via the Backdoor

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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Logan Property (3380 HK) has been halted with effect from 1 June 2016 - pending the release by the Company of an announcement pursuant to The Hong Kong Code on Takeovers and Mergers. There is a trend towards delisting from SEHK and relisting on the domestic market, where the valuations are generous - Logan's trading halt comes after:<ol><li>30 May 2016 - Dalian Wanda Group announced a binding privatization offer for Dalian Wanda Commercial Properties (3699 HK)</li><li>Recent news of Evergrande (3333 HK) having intentions to follow suit; and</li><li>25 May 2016 - Ever Sound, the controlling shareholder of Peak Sport (1968 HK), informing Peak Sport that it is considering a scheme that could result in the privatization and delisting of Peak from SEHK </li></ol>The controlling shareholder of Logan holds 76.58% - we believe this shareholder is likely to announce a privatization offer for the company. In this insight, we look at similar precedent transactions and examine what a potential bid could look like.

Logan Property (3380 HK) has been halted with effect from 1 June 2016 - pending the release by the Company of an announcement pursuant to The Hong Kong Code on Takeovers and Mergers. There is a trend towards delisting from SEHK and relisting on the domestic market, where the valuations are generous - Logan's trading halt comes after:30 May 2016 - Dalian Wanda Group announced a binding privatization offer for Dalian Wanda Commercial Properties (3699 HK)Recent news of Evergrande (3333 HK) having intentions to follow suit; and25 May 2016 - Ever Sound, the controlling shareholder of Peak Sport (1968 HK), informing Peak Sport that it is considering a scheme that could result in the privatization and delisting of Peak from SEHK The controlling shareholder of Logan holds 76.58% - we believe this shareholder is likely to announce a privatization offer for the company. In this insight, we look at similar precedent transactions and examine what a potential bid could look like.

Dalian Wanda Commercial Properties (1567411D HK)

Logan Property - Jumping on The (Privatization) Bandwagon?

Logan Property Holdings

Logan Property - Jumping on The (Privatization) Bandwagon?