Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>General merchandise retailer <strong><a href="https://www.smartkarma.com/entities/warehouse-group-limited-the" target="_blank" data-smartkarma-citation="entities:1721:1" rel="noopener">Warehouse Group Limited (WHS NZ)</a></strong> (TWG) has <a href="https://www.nzx.com/announcements/434820" target="_blank" rel="noopener">announced</a> it has received an approach from Stephen Tindall and PE outfit, Adamantem Capital Partners</li>
<li>Founder and major shareholder Tindall holds a shade over 50%. He launched a $1.6bn privatisation attempt in 2006, but Foodstuffs and <strong><a href="https://www.smartkarma.com/entities/woolworths-ltd" target="_blank" data-smartkarma-citation="entities:500:1" rel="noopener">Woolworths Ltd (WOW AU)</a></strong> effectively blocked the Offer.</li>
<li>The approach arrives after TWG's shares trade around multi-year lows. </li>
</ul>


General merchandise retailer Warehouse Group Limited (WHS NZ) (TWG) has announced it has received an approach from Stephen Tindall and PE outfit, Adamantem Capital Partners
Founder and major shareholder Tindall holds a shade over 50%. He launched a $1.6bn privatisation attempt in 2006, but Foodstuffs and Woolworths Ltd (WOW AU) effectively blocked the Offer.
The approach arrives after TWG's shares trade around multi-year lows. 


The Warehouse Group (WHS NZ): Tindall (Potentially) Reloads

New Zealand

Hallenstein Glasson Holdings Limited owns and operates retail stores that sell men's, women's, and young men's apparel products and sportswear. The stores are located throughout New Zealand and Australia.

Kathmandu Holdings Ltd. provides clothing and equipment for the travel and adventure market. The Company operates retail locations throughout Australia and New Zealand.

The Colonial Motor Company Limited distributes Ford Motor vehicles to car dealerships in New Zealand. The Company also invests in and develops property which will be used to construct dealerships and other types of car facilities.

SKY Network Television Limited is a pay-television operator in New Zealand.  The Company broadcasts various pay networks via UHF and Digital satellite platforms and offers a variety of programming including news, sports, movies, digital radio and pay-per-view events.

Restaurant Brands New Zealand Limited operates fast food restaurant chains in New Zealand & Australia. The Company operates close to 300 stores which operate under the KFC, Pizza Hut and Starbucks restaurant names.

Millennium & Copthorne Hotels New Zealand Limited is involved in the ownership and operation of hotels in New Zealand and Australia.  The Company also is involved in the purchasing and development of real estate in New Zealand.

Millennium & Copthorne Hotels Nz (MCK NZ)

NZME Limited provides printing and publication services. The Company offers services of newspapers and magazines, as well as commercial printing and specialist publications.

Plexure Group Ltd has developed a smartphone based digital wallet and cloud based m-commerce platform.

Briscoe Group Limited owns and operates the Briscoes Homeware chain of retail stores and the Rebel Sport chain of retail sporting goods stores throughout New Zealand, under a limited franchise agreement with Australian company Rebel Sport Limited.

Evolve Education Group Limited provides children with early education until they attend primary school. The Company provides teacher-led and parent-led services in New Zealand.

PT Matahari Department Store Tbk engages in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services.

Isetan (Singapore) Limited operates department stores and trades general merchandise with wholesale and retail operations.

Zhongxing Shenyang Commercial Building Group Co., Ltd. owns and operates department stores in Shenyang, Liaoning. Through its subsidiaries, the Company also provides building decoration services.

Citic Devel. Shenyang Commercial Bldg Co (000715 CH)

Sichuan Datong Gas Development Co., Ltd. has city pipe gas operation. It is a pharmaceutical manufacturer. It also owns and operates department stores.

Sichuan Datong Gas Development Co, Ltd. (000593 CH)

Tenpos Busters Co., Ltd. operates refurbished kitchen equipment stores for the food service industry.  The Company also sells used tables, chairs and counters for restaurants.

ZJBC Information Technology Co., Ltd is mainly engaged in real estate development and department store management. Through its subsidiaries, the company is also engaged in hotel and property management and network and telecommunication services.

Changchun Eurasia Group Co., Ltd. owns and operates retail department stores. Through its subsidiaries, the Company invests in rental business, provides technology consulting service, and manufactures shoes and other rubber products.

Nanning Department Store Co., Ltd. owns and operates department stores and chain supermarkets.  The Company sells textile products, groceries, jewelry, office products, household electrical appliances, food, and other general merchandise.

Wuhan Hanshang Group Co., Ltd. operates department stores.  Through its subsidiaries, the Company provides travel and food services, as well as organizes exhibitions and conferences.

Sanyo Electric Railway Co., Ltd. is a local rail and bus transportation company that operates mainly in Hyogo prefecture.  The Company also operates real estate businesses and department stores.  Sanyo Electric provides leisure-related services such as amusement park, travel, and hotel businesses.

The Warehouse Group Limited operates general merchandise and stationery supply retail stores throughout New Zealand.

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The Warehouse Group (WHS NZ): Tindall (Potentially) Reloads

Although there is no firm Offer on the table; given where shares are trading, and interest is apparent from the major shareholder, I'd look to get...

David Blennerhassett