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

AVIC Parent To AVIC (161 HK) Shareholders: Please Sell Me Your Shares at an 80% Discount!

AVIC: The Vote Is In; Now For The Acceptances

Quiddity Advisors

Event-Driven

AVIC International Holdings / Event-Driven

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<p><a href="https://www.smartkarma.com/entities/avic-international-holding-h" target="_blank" data-smartkarma-citation="entities:3287:1" rel="noopener">AVIC International Holdings (161 HK)</a> <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0306/2020030601293.pdf" target="_blank" rel="noopener">announced</a> late Friday the H Share Offer was now unconditional in all respects. </p>
<p>The H Share Offer was conditional on, among other things, a minimum valid acceptances of at least 90% of the H Shares in issue held by the Independent H Shareholders. 90.78% tendered.</p>
<p>Interestingly, AVIC International, the Offeror, also bought 2.14% of the H Shares out, or 6.996mn shares. These purchased shares were also counted towards the acceptance condition. Therefore the Offeror held 92.92% of H Shares out as of Friday.</p>
<p>The last day of trading is the 11 March - next Wednesday.</p>
<p>The success of AVIC's offer provides additional context for these hybrid offers for companies incorporated in China. More so given AVIC traded spectacularly wide throughout the Offer period - after the Composite Document was posted on the 8 January - up to a gross spread of 13% on 20 February, and as high as 9% the 3 March, three days before the close of the offer for acceptances.</p>
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AVIC International Holdings (161 HK) announced late Friday the H Share Offer was now unconditional in all respects. 
The H Share Offer was conditional on, among other things, a minimum valid acceptances of at least 90% of the H Shares in issue held by the Independent H Shareholders. 90.78% tendered.
Interestingly, AVIC International, the Offeror, also bought 2.14% of the H Shares out, or 6.996mn shares. These purchased shares were also counted towards the acceptance condition. Therefore the Offeror held 92.92% of H Shares out as of Friday.
The last day of trading is the 11 March - next Wednesday.
The success of AVIC's offer provides additional context for these hybrid offers for companies incorporated in China. More so given AVIC traded spectacularly wide throughout the Offer period - after the Composite Document was posted on the 8 January - up to a gross spread of 13% on 20 February, and as high as 9% the 3 March, three days before the close of the offer for acceptances.





AVIC: The Offer Gets Up. With Some Buffer