Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

IntelliCentrics Global Holding / Event-Driven

<ul>
<li>Back on <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0209/2024020900947.pdf" target="_blank" rel="noopener">9th Feb 2024</a>, healthcare technology platform <strong><a href="https://www.smartkarma.com/entities/intellicentrics-global-holding" target="_blank" data-smartkarma-citation="entities:40901:1" rel="noopener">IntelliCentrics Global Holding (6819 HK)</a></strong> announced the proposed disposal of its key operations to Symplr Software Holdings for <em>at least</em> US$246.5mn.</li>
<li>Upon completion of the sale, IntelliCentrics will declare a special dividend, then seek a listing withdrawal. A key condition to the sale was FTC/DOJ approval. That is now satisfied. </li>
<li>The sale/dividend/delisting requires a Scheme-like vote, with 72.1% of shares out supportive. This is a super-clean pseudo arb. Pushback? Very illiquid.</li>
</ul>


Back on 9th Feb 2024, healthcare technology platform IntelliCentrics Global Holding (6819 HK) announced the proposed disposal of its key operations to Symplr Software Holdings for at least US$246.5mn.
Upon completion of the sale, IntelliCentrics will declare a special dividend, then seek a listing withdrawal. A key condition to the sale was FTC/DOJ approval. That is now satisfied. 
The sale/dividend/delisting requires a Scheme-like vote, with 72.1% of shares out supportive. This is a super-clean pseudo arb. Pushback? Very illiquid.


IntelliCentrics (6819 HK): Clean, Illiquid "Arb"

Hong Kong

Wong's Kong King International (Holdings) Limited, through its subsidiaries, trades and distributes chemicals, materials and equipment used in the manufacture of PCBs (Print Circuit Board) and electronic products.  The Company also manufactures electrical and electronic consumer products for OEM customers.

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Wong'S Kong King Intl (532 HK)

IntelliCentrics (6819 HK): Clean, Illiquid "Arb"

I estimate the current/gross annualised spread of 4.1/19.5% (min dividend) or 9.9%/52.7% (max dividend), assuming mid-June payment. Get involved if...

David Blennerhassett

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