background

• Anglo Chinese was the independent financial adviser to Wheelock and Company Limited regrading the proposed privatisation of Wheelock and Company Limited by Admiral Power Holdings Limited by way of a scheme of arrangement
• Wheelock and Company Limited , and its subsidiaries are principally engaged in property development and investment businesses in Hong Kong, the PRC and Singapore, and to a lesser extent, hotel operations and container terminal operations. The Group includes three Hong Kong listed subsidiaries, namely Wharf (stock code: 4), Wharf REIC (stock code: 1997) and Harbour Centre (stock code: 51).
• 99.9% of the independent shareholders voted for the transaction at the EGM and 99.2% scheme shareholders voted for the transaction at the court meeting

 

our roles

• Extensive analysis of the terms of the proposed privatisation
• Assessment of relevant facts and company financials

 

key matters

• Establishing the reasonableness of the aggregate scheme consideration, consist of a cash amount of HK$12.00 per scheme shares, and the distribution to shareholders of one Wharf REIC Share and one Wharf Share
• Detailed analysis of the valuation of property interests of the Company for determining the Company Reassessed NAV per Share