INSOL International’s Post

Market dynamics, such as high interest rates, tightened financing and poor business performance are forcing Hong Kong's real estate players - including developers, banks, funds and investors - to navigate an increasingly uncertain landscape. Jocelyn Chi's latest analysis explores the potential impact of these factors over the next six months and the crucial trigger points to watch out for. Access Jocelyn's full analysis here: http://ms.spr.ly/6049mgzBV #Restructuring #RealEstate

Market dynamics, such as high interest rates, tightened financing and poor business performance are forcing Hong Kong's real estate players - including developers, banks, funds and investors - to navigate an increasingly uncertain landscape. Jocelyn Chi's latest analysis explores the potential impact of these factors over the next six months and the crucial trigger points to watch out for. Access Jocelyn's full analysis here: http://ms.spr.ly/6048mdhr6 #Restructuring #RealEstate

Market dynamics, such as high interest rates, tightened financing and poor business performance are forcing Hong Kong's real estate players - including developers, banks, funds and investors - to navigate an increasingly uncertain landscape. Jocelyn Chi's latest analysis explores the potential impact of these factors over the next six months and the crucial trigger points to watch out for. Access Jocelyn's full analysis here: http://ms.spr.ly/6046mgZR6 #Restructuring #RealEstate

Market dynamics, such as high interest rates, tightened financing and poor business performance are forcing Hong Kong's real estate players - including developers, banks, funds and investors - to navigate an increasingly uncertain landscape. Jocelyn Chi's latest analysis explores the potential impact of these factors over the next six months and the crucial trigger points to watch out for. Access Jocelyn's full analysis here: http://ms.spr.ly/6045meByJ #Restructuring #RealEstate

Market dynamics, such as high interest rates, tightened financing and poor business performance are forcing Hong Kong's real estate players - including developers, banks, funds and investors - to navigate an increasingly uncertain landscape. Jocelyn Chi's latest analysis explores the potential impact of these factors over the next six months and the crucial trigger points to watch out for. Access Jocelyn's full analysis here: http://ms.spr.ly/6040mdL38 #Restructuring #RealEstate

As the dust settles on the latest chapter of the Evergrande liquidation, the importance of creditor engagement to develop a concrete restructuring plan which is supported by creditors has never been clearer.   Jonathan Leitch and Byron Phillips, partners in our Hong Kong office, have been at the forefront, providing insights to Global Turnaround, Reuters, Bloomberg, South China Morning Post SCMP, Law.com International, The Economic Times, and Nikkei Asia unraveling the complexities surrounding the historic winding-up order which not only marks the country's largest liquidation case but also serves as a watershed moment. The case highlights the absence of any statutory restructuring regime in Hong Kong and underlines the critical need for careful management and engagement with creditors during a restructuring process.    Click right below for insights and learnings, and follow this link for more: https://lnkd.in/eu-K-HuN   For information about our Hong Kong office and team, click here: https://lnkd.in/e5UqeBfM   Access our Hong Kong and PRC Restructuring & Special Situations 2023 year in review: https://lnkd.in/ensZr--v   #Evergrande #Liquidation #Restructuring #SpecialSituations

Brokerages' deal augurs well for capital market recast Regulators' strengthened supervision will help China's capital market to mature toward its high-quality development, domain experts said on Wednesday after reviewing the latest market consolidation deal in the segment of securities brokerages. They said higher requirements in terms of eligibility criteria for various market entities, and a tighter grip over financial intermediaries like securities brokerages, augur well for the future development of China's capital market. Their comments emerged after Guolian Securities announced on Tuesday night it will acquire 100 percent of Minsheng Securities by issuing no more than 2 billion yuan ($260 million) worth of its shares to retail investors in the secondary market. It will also make a private placement of no more than 250 million shares. Industry experts estimated that the deal value may exceed 32 billion yuan. The deal confirms the trend of restructuring in the Chinese securities industry, which has been accelerating this year. #capitalmarket #securities #CSRC

Public M&A Report 02/2024: The German public takeover market in the first half of 2024 We consider the market trend to be positive. In particular, the number of #transactions has risen compared to the same period of last year. After adjusting for a special effect from the previous year, there is also an upward trend in the offer value. The first half of 2024 is characterised by many large-cap transactions with values in the low to mid single-digit billion range, though no mega takeovers in the double-digit billion range were observed. In contrast, the mid-cap market was quiet with only two transactions. Further, we noticed that fairness opinions to assess the appropriateness of consideration were not obtained in connection with a relatively large number of reasoned statements. Our focus article in this issue of the report explores “The role of banks in public takeovers under the German Securities Acquisition and Takeover Act”. The importance of these institutions in the structuring, financing, settlement and valuation of public offers for both bidders and target companies cannot be overstated. We outline their most important functions within the legal context of the German Securities Acquisition and Takeover Act. Read more in our latest Public M&A Report, edited by Volker Land and Stephan Schulz: https://lnkd.in/eqJ4QSEQ #PublicTakeovers #PrivateEquity

Public M&A Report 02/2024: The German public takeover market in the first half of 2024 We consider the market trend to be positive. In particular, the number of #transactions has risen compared to the same period of last year. After adjusting for a special effect from the previous year, there is also an upward trend in the offer value. The first half of 2024 is characterised by many #large-cap transactions with values in the low to mid single-digit billion range, though no mega takeovers in the double-digit billion range were observed. In contrast, the mid-cap market was quiet with only two transactions. Further, we noticed that fairness opinions to assess the appropriateness of consideration were not obtained in connection with a relatively large number of reasoned statements. Our focus article in this issue of the report explores “The role of banks in public takeovers under the German Securities Acquisition and Takeover Act”. The importance of these institutions in the structuring, financing, settlement and valuation of public offers for both bidders and target companies cannot be overstated. We outline their most important functions within the legal context of the German Securities Acquisition and Takeover Act. Read more in our latest Public M&A Report, edited by @Volker Land and @Stephan Schulz: https://lnkd.in/dKeGSqRz #PublicTakeovers #m&a #PrivateEquity

UPDATE: Evergrande Collapse Since the recent liquidation order from a Hong Kong court, the financial woes of Evergrande only continue to worsen. According to earlier analysis by Deloitte, the recent liquidation order has reduced the average (projected) return from 22.5% (in the event of the restructuring) to 3.4% (in liquidation) for creditors. The court was hopeful a restructuring plan could eventually be reached. This comes as a strong reminder of the commercial viability of restructuring plans and their effectiveness in optimising returns to creditors. The consequence of this collapse continues to have wide reaching impacts for the Chinese economy. www.jonespartners.net.au #evergrande #jonespartners #insolvency