Assuming payment late Dec, I'd buy up to ~HK$4.38/share, for a 5.0%/20% gross/annualised return. The wild card? I'm too bullish with my timetable. And pre-cons long stop is pushed out.
What is covered in the Full Insight:
Recent Monthly Update
Regulatory Approvals Progress
Interim Financial Performance
Pre-Con Scheme and Offer Details
Shareholder Register and Peer Comparison
Boomeranged on Wed, 9 Oct 2024 12:02
Cutting it fine, but it appears SAMR has "approved unconditionally" the filing. Sinopharm still needs MoC, NDRC, then SAFE. The long stop date for the pre-cons is the 18th October 2024, which can be extended by mutual agreement between TCM and Sinopharm. Link to SAMR's announcement in "Discussions" at the bottom of this insight.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.