ANE Cayman (9956 HK): On S329 Reports And Letters Of Interest

• ANE Cayman Inc (9956 HK)‘s Offer, by way of a Scheme from Centurium Partners, a pre-IPO investor, in tandem with Temasek, has displayed some unique (unusual?) firsts.

• There is the 9%+ stake held by CDH - another pre-IPO investor - a shareholder that fails to appear in subsequent annual/interim reports; or even Hong Kong disclosure announcements.

• Then late last week, the Offeror opted not to raise the cap on the scrip option alternative, despite shareholders expressing interest.

This insight addresses s329 investigative reports, letters of interest, and irrevocable undertakings.

For a detailed rundown of Centurium/Temasek’s Offer for ANE Cayman Inc (9956 HK), please refer to ANE (9956 HK): Pre-Cons Satisfied. Possible Payment Early March and ANE (9956 HK): Centurium/Temasek’s Clean Offer

In addition, I also had a one-on-one with the FA last week - see ANE Cayman (9956 HK): Q&A With The FA

I have another call with the FA tomorrow evening - feel free to DM me with any questions.