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

AVJennings (AVJ AU): Ho Bee's Superior Proposal

Quiddity Advisors

Event-Driven

<ul>
<li>The AVID consortium's late-November A$0.67/share NBIO appeared a lock; until <a href="https://www.smartkarma.com/entities/ho-bee-land-ltd" target="_blank" data-smartkarma-citation="entities:18298:1" rel="noopener">Ho Bee Land Ltd (HOBEE SP)</a> lobbed a A$0.70/share NBIO in January. Ho Bee also acquired a 5.39% stake. </li>
<li>
<a href="https://www.smartkarma.com/entities/avjennings-ltd" target="_blank" data-smartkarma-citation="entities:12578:1" rel="noopener">AVJennings (AVJ AU)</a> granted both suitors exclusive due diligence, the terms of which expired in February. AVJ said at the time it remained in "<a href="https://announcements.asx.com.au/asxpdf/20250224/pdf/06fvdy180hcb4s.pdf" target="_blank" rel="noopener">active discussions</a>" with both.</li>
<li>AVJ and AVID have now <a href="https://announcements.asx.com.au/asxpdf/20250401/pdf/06h6xsrcrlf7z6.pdf" target="_blank" rel="noopener">entered into a Scheme Implementation Deed</a> at A$0.655/share. A special dividend - included in the Scheme consideration - could add A$0.072/share in franking credits. </li>
</ul>


The AVID consortium's late-November A$0.67/share NBIO appeared a lock; until Ho Bee Land Ltd (HOBEE SP) lobbed a A$0.70/share NBIO in January. Ho Bee also acquired a 5.39% stake. 

AVJennings (AVJ AU) granted both suitors exclusive due diligence, the terms of which expired in February. AVJ said at the time it remained in "active discussions" with both.
AVJ and AVID have now entered into a Scheme Implementation Deed at A$0.655/share. A special dividend - included in the Scheme consideration - could add A$0.072/share in franking credits. 


AVJennings (AVJ AU): AVID's Firm Offer As Ho Bee Walks

Avjennings Ltd

AVJennings (AVJ AU): AVID's Firm Offer As Ho Bee Walks