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

Batu Kawan (BAK MK)'s Mandatory Offer for CCM: Low Risk Risk Arb

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Daibochi Plastic & Packaging Industry / Event-Driven

Daibochi Plastic & Packaging Industry (DPP MK)

<p>On 13th September 2021, Malaysia based packaging material manufacturer and property developer <a href="https://www.smartkarma.com/entities/scientex-bhd" target="_blank" data-smartkarma-citation="entities:2408:1" rel="noopener">Scientex (SCI MK)</a> launched an <a href="https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=118460&amp;name=EA_GA_ATTACHMENTS" target="_blank" rel="noopener">Unconditional Voluntary Take-Over Offer</a> to buy all the remaining shares in their 61.88%-owned subsidiary <a href="https://www.smartkarma.com/entities/daibochi-plastic-packaging-industry-bhd" target="_blank" data-smartkarma-citation="entities:15164:1" rel="noopener">Daibochi (DPP MK)</a>.  </p><p>Scientex will pay RM2.70 per ordinary share and RM0.32 per warrant in cash. The Offer is for 124,784,759 ordinary shares (representing 38.12% of the total issued shares) and 26,137,985 warrants (representing 95.75% of the outstanding Warrants). The overall size of the Deal is approximately US$80mn. </p><div><p><em>More below the fold. </em></p></div><hr><div><div class="content-remarks"><p>For more information about M&amp;A rules, regulations, and practices in Malaysia, please refer to <a href="https://www.smartkarma.com/insights/quiddity-malaysia-m-a-guide-2019" target="_blank" data-smartkarma-citation="insights:30129" rel="noopener">Quiddity Malaysia M&amp;A Guide 2019</a> </p></div></div>

On 13th September 2021, Malaysia based packaging material manufacturer and property developer Scientex (SCI MK) launched an Unconditional Voluntary Take-Over Offer to buy all the remaining shares in their 61.88%-owned subsidiary Daibochi (DPP MK).  Scientex will pay RM2.70 per ordinary share and RM0.32 per warrant in cash. The Offer is for 124,784,759 ordinary shares (representing 38.12% of the total issued shares) and 26,137,985 warrants (representing 95.75% of the outstanding Warrants). The overall size of the Deal is approximately US$80mn. More below the fold. For more information about M&amp;A rules, regulations, and practices in Malaysia, please refer to Quiddity Malaysia M&amp;A Guide 2019 

Scientex - Daibochi: Unconditional Voluntary Take-Over Offer