Group 1 - The company announced a non-binding offer to privatize Zeekr, aiming to enhance resource integration, reduce costs, and improve competitiveness [1] - The proposed valuation for Zeekr is $2.566 per share or $25.66 per American Depositary Share (ADS), with options for shareholders to receive cash or new shares [1] - The offer represents a premium of approximately 13.6% over the last trading price of the ADS on the NYSE and a 20.0% premium over the volume-weighted average price over the last 30 trading days [2] Group 2 - The company currently holds about 65.7% of Zeekr's issued share capital [2] - If the privatization proposal is completed, Zeekr will become a wholly-owned subsidiary of the company and will be delisted from the NYSE [2]

Core Viewpoint - 3G Capital is set to acquire Skechers for approximately $9.4 billion in cash, offering shareholders two options for the buyout, with a significant premium over the recent stock price [2] Group 1: Acquisition Details - The acquisition will allow Skechers to become a private company, maintaining its current leadership team [2] - Shareholders can choose between a full cash buyout at $63 per share or $57 in cash plus equity in the privatized parent company [2] - The transaction is expected to be completed in the third quarter of this year [2] Group 2: Financial Performance - Skechers reported sales of $8.97 billion in 2024, with Q1 2025 sales reaching $2.41 billion, a 7.1% increase year-over-year, although slightly below analyst expectations [3] - The company has withdrawn its financial guidance for the year due to uncertainties stemming from global trade policies [3] Group 3: Market Presence - The U.S. market accounts for nearly 40% of Skechers' global sales, while Vietnam provides a significant portion of its manufacturing capacity [3] - Skechers has established nearly 3,500 physical stores in China, which is its largest overseas market [3] - The company plans to continue its strategic initiatives in China, emphasizing its commitment to the market [3]

Core Viewpoint - New Oriental Holdings plans to privatize New Oriental Energy through its wholly-owned subsidiary, New Energy (Hong Kong) Investment Co., Ltd, with a theoretical total transaction value exceeding HKD 590 billion [1][2]. Group 1: Transaction Details - The agreement stipulates that for every share held, shareholders will receive 2.9427 new H-shares of New Oriental Holdings and cash payment at HKD 24.50 per share [2]. - The theoretical total value of H-shares and cash payment is estimated at approximately HKD 80 per share based on the median valuation by the assessment agency [2]. - The total theoretical value of the transaction is projected to be HKD 595.19 billion if all options are not exercised, and HKD 599.24 billion if all options are exercised [3]. Group 2: Business Operations - New Oriental Energy operates gas pipeline infrastructure across 261 cities, serving over 31 million households and 270,000 business customers [4]. - The company is expected to achieve revenue of approximately HKD 116.1 billion and a net profit of about HKD 6.1 billion in 2024 [4]. Group 3: Financial Implications - The transaction will lead to an increase in the company's debt levels and debt-to-asset ratio, with projections indicating an increase from 54.30% to 67.08% post-transaction [5]. - The company plans to finance the transaction through a combination of self-funding and bank loans, having already signed agreements for overseas loans [5].