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

StubWorld: Can One's Offer For Kian Joo Can; Mahindra At Possible Set-Up Levels

StubWorld: Hang Lung's Implied Stub At Extreme Levels

Quiddity Advisors

Event-Driven

Back on the 13 December 2018, <a href="https://www.smartkarma.com/entities/can-one-bhd" target="_blank" data-smartkarma-citation="entities:10714:1" rel="noopener">Can One Bhd (CAN MK)</a> <a href="http://www.bursamalaysia.com/market/listed-companies/company-announcements/6006169" target="_blank" rel="noopener">announced</a> a proposed MGO for <a href="https://www.smartkarma.com/entities/kian-joo-can-factory-bhd" target="_blank" data-smartkarma-citation="entities:16212:1" rel="noopener">Kian Joo Can Factory (KJC MK)</a> at RM3.10/share, a 52.7% premium to last close. The Offer closed on the <a href="https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2951016" target="_blank" rel="noopener">30 April</a> with Can-One holding 97.48%, and it moved to compulsory mop up the remaining shares.
Can-One has now <a href="https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3154278" target="_blank" rel="noopener">announced</a> an unconditional mandatory takeover from its director Yeoh Jin Hoe and persons acting in concert with him.
The Offer Price is RM2.50/share, a 15.82% discount to last close. 
Not altogether surprisingly, it is not the intention of the joint offerors to delist the company, nor exercise their right to compulsory acquire shares.
More below the fold.

Back on the 13 December 2018, Can One Bhd (CAN MK) announced a proposed MGO for Kian Joo Can Factory (KJC MK) at RM3.10/share, a 52.7% premium to last close. The Offer closed on the 30 April with Can-One holding 97.48%, and it moved to compulsory mop up the remaining shares.
Can-One has now announced an unconditional mandatory takeover from its director Yeoh Jin Hoe and persons acting in concert with him.
The Offer Price is RM2.50/share, a 15.82% discount to last close. 
Not altogether surprisingly, it is not the intention of the joint offerors to delist the company, nor exercise their right to compulsory acquire shares.
More below the fold.

Can-One Bhd

Can-One (CAN MK)? Yeoh Can Lah!