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

Mason Group (273 HK): Privatisation Bid at HK$0.0338 Per Share

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Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/mason-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:17664:1" rel="noopener">Mason Group Holdings (273 HK)</a>'s scheme document is out, with the vote scheduled for 3 October. The IFA considers Red Emerald Capital’s HK$0.0338 per share offer fair and reasonable. </li>
<li>The key conditions are SFC approval and the scheme approved by at least 75% disinterested shareholders (&lt;10% disinterested shareholders rejection). Peer de-rating has helped the attractiveness of the offer.</li>
<li>Shareholders with blocking stakes have provided irrevocables or will accept due to the attractive ROI. At the last close and for the 21 November payment, the gross/annualised spread is 9.0%/52.1%.</li>
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Mason Group Holdings (273 HK)'s scheme document is out, with the vote scheduled for 3 October. The IFA considers Red Emerald Capital’s HK$0.0338 per share offer fair and reasonable. 
The key conditions are SFC approval and the scheme approved by at least 75% disinterested shareholders (&lt;10% disinterested shareholders rejection). Peer de-rating has helped the attractiveness of the offer.
Shareholders with blocking stakes have provided irrevocables or will accept due to the attractive ROI. At the last close and for the 21 November payment, the gross/annualised spread is 9.0%/52.1%.


Freeman FinTech Corporation Limited (279 HK)

Mason Group (273 HK): A Wide Spread with the Scheme Vote on 3 October