Hankore

zane
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9 years 10 months ago #20030 by zane

Replied by zane on topic Hankore

HSBC Global Research says China Everbright not ruling out HK listing for HanKore

Analysts: Thomas Zhu, CFA, and Anderson Chow

We hosted China Everbright International (CEI) for an NDR (non-deal road show) after its 2013 annual results. Mr. Raymond Wong (CFO) and Ms. Grace Lee (Director of IR) attended our meetings.

CEI is still doing due diligence for the HanKore (BIOT SP, not rated) acquisition and CEI intends to become the controlling shareholder of HanKore.

Management likes the assets of HanKore as they are mostly located in the areas where CEI has a presence and therefore there are synergies between HanKore and CEI.

CEI said it does not rule out the possibility of getting HanKore listed in Hong Kong, if the acquisition goes through.

www.nextinsight.net/index.php/story-arch...s-deeply-undervalued

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zane
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9 years 10 months ago #20037 by zane

Replied by zane on topic Hankore

All eyes on Hankore’s pending deal announcement with
CEI. The deal with China Everbright International (CEI)
remains the key growth catalyst for HanKore, and will provide
the latter with strong advantages such as a lower financing
cost and a state backing for easier access to funding and
resources. Reiterate BUY on HanKore with TP SGD1.61.
(OSK-DMG)

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zane
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9 years 10 months ago #20043 by zane

Replied by zane on topic Hankore

Share price will go crazy tomolo!

....the Company has on 2 June 2014 entered into a conditional sale and purchase agreement with a wholly-owned subsidiary of China Everbright International Limited ("CEIL"), China Everbright Water Holdings Limited ("Vendor") to acquire the entire issued and paid-up share
capital of the China Everbright Water Investments Limited ("Target") for a total consideration of approximately SGD 1.2 billion which will be satisfied entirely by way of an allotment and issue of 1,940,269,305 Consideration Shares.

The Consideration was agreed on a willing-buyer and willing-seller basis after arms length negotiations,
taking into account, inter alia, the respective and combined market positions of the Company and the
Target; the quality of the respective assets and business conditions of the Company and the Target; the respective financial positions of the Company and the Target; the future benefits and synergies expected to be created as a result of the Proposed Acquisition; and current prevailing industry and market conditions, and also with reference to the valuations of the Target performed by the Valuers.
CEIL intends to utilize the Company as its sole platform for its water treatment business.

Upon Completion, the Vendor will own 78% of the Company and the Company shall be re-named as China Everbright Water Limited.

The Proposed Acquisition will constitute a "Very Substantial Acquisition" or a "Reverse Takeover" as
defined under Chapter 10 of the Listing Manual of the Singapore Exchange Securities Trading Limited
("SGX-ST") and will be subject to, inter alia, the approval of the SGX-ST and the Company’s
shareholders.

The Proposed Acquisition represents a major step towards achieving the common vision of the Company
and the Target to become of one of the largest water treatment companies in the PRC.

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papersoldier
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9 years 10 months ago #20057 by papersoldier

Replied by papersoldier on topic Hankore

Zane, i thought the share price had already reflected the news last week...?

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zane
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9 years 10 months ago #20125 by zane

Replied by zane on topic Hankore

Asdew boss Alan Wang bought 51 million shares on May 12. Paid $4.9 million = 9.61 cents a share (before 10 for 1 consolidation).

infopub.sgx.com/FileOpen/_ALAN_eFORM3V2_...cement&FileID=300553

Will he buy more? If he does, then ....share price has chance to go up against the analysts' consensus TPs. Or does Alan Wang think the CEI deal was not cheap for Hankore?

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zane
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9 years 9 months ago #20263 by zane

Replied by zane on topic Hankore

3 weeks after my last post, Alan Wang has decided to buy Hankore again!

His purchase price was 86.72 cents, it will be a floor for the near-term.

infopub.sgx.com/FileOpen/_Alan_Wang_FORM...cement&FileID=303420

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