Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

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<p><a href="https://www.smartkarma.com/entities/sm-investments-corp" target="_blank" data-smartkarma-citation="entities:20015:1" rel="noopener">SM Investments (SM PM)</a> ("SMIC") currently holds a 30.49% stake in <a href="https://www.smartkarma.com/entities/2go-group-inc" target="_blank" data-smartkarma-citation="entities:22935:1" rel="noopener">2GO Group Inc (2GO PM)</a>.</p>
<p>On the <a href="https://edge.pse.com.ph/openDiscViewer.do?edge_no=021686f4a97bb8fd5d542af6f1e997b9" target="_blank" rel="noopener">18 March</a>, SMI entered into an SPA with KGLI-NM Holdings to acquire its 22.36% stake in 2GO. The transaction will result in SMIC’s shareholding in 2GO increasing to 52.85%. As the resultant ownership will be &gt;50%, this triggers a Tender Offer for the remaining 47.15% of shares out not held by SMIC.</p>
<p>The Tender Offer Price is ₱8.50/share or ₱8.447215 net of selling charges. The Tender Offer is now open and will close on the 21 April (unless extended with prior approval of the SEC).</p>
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<p>2GO is illiquid, and currently trading through terms. If that is of no interest, look away now. It will save you time.</p>
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<p>More below the fold.</p>
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SM Investments (SM PM) ("SMIC") currently holds a 30.49% stake in 2GO Group Inc (2GO PM).
On the 18 March, SMI entered into an SPA with KGLI-NM Holdings to acquire its 22.36% stake in 2GO. The transaction will result in SMIC’s shareholding in 2GO increasing to 52.85%. As the resultant ownership will be &gt;50%, this triggers a Tender Offer for the remaining 47.15% of shares out not held by SMIC.
The Tender Offer Price is ₱8.50/share or ₱8.447215 net of selling charges. The Tender Offer is now open and will close on the 21 April (unless extended with prior approval of the SEC).

2GO is illiquid, and currently trading through terms. If that is of no interest, look away now. It will save you time.



More below the fold.


2GO Group Inc

2GO Group (2GO PH): SMIC's MGO