Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Ping An Securities Group (Holdings) / Event-Driven

<a href="https://www.smartkarma.com/entities/1942" target="_blank" data-smartkarma-citation="entities:1942:1">Ping An Securities Group (Holdings) Limited (231 HK)</a>  <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0122/LTN20170122013.pdf" target="_blank">announced</a> on the 20 Jan 2017, substantial shareholders collectively holding 36.6%, had entered into a sale &amp; purchase agreement (SPA), the completion of which would trigger a mandatory general offer.Ping An is currently trading at an 11.5% gross spread to the indicative offer price of $0.096/share.At first glance, this appears a simple deal and straightforward arb. Rummaging under the hood, this is not your plain vanilla situation.Rummaging under the hood, however, rewards rummagers and rubbishers alike.More below the fold.

Ping An Securities Group (Holdings) Limited (231 HK)  announced on the 20 Jan 2017, substantial shareholders collectively holding 36.6%, had entered into a sale &amp; purchase agreement (SPA), the completion of which would trigger a mandatory general offer.Ping An is currently trading at an 11.5% gross spread to the indicative offer price of $0.096/share.At first glance, this appears a simple deal and straightforward arb. Rummaging under the hood, this is not your plain vanilla situation.Rummaging under the hood, however, rewards rummagers and rubbishers alike.More below the fold.

Ping An Securities – Making the Connections

Hong Kong

China Wood International Holding Co., Limited offers rental and leasing services. The Company provides car rental services. China Wood International Holding also operates materials trading, financing and investment, and other businesses.

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China Wood International Holdi (1822 HK)

Ping An Securities – Making the Connections

Ping An Securities Group (Holdings) Limited (231 HK) announced on the 20 Jan 2017, substantial shareholders collectively holding 36.6%, had...

David Blennerhassett

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