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

EQT's Offer For PropertyGuru (NYSE:PGRU): As Clean As It Gets

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

<ul>
<li>On the 16th August, Singaporean-based online real estate portal <a href="https://www.smartkarma.com/entities/propertyguru-group-limited" target="_blank" data-smartkarma-citation="entities:28149:1" rel="noopener">PropertyGuru (PGRU US)</a> announced a US$6.70/share cash Offer from Sweden's EQT AB, a 52% premium to undisturbed. </li>
<li>On the 9th October, shareholders <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001873331/582c9355-f635-4ade-928c-f898d895bfa1.pdf" target="_blank" rel="noopener">approved</a> the merger. "The Transactions are expected to close in Q4 2024 or Q1 2025, subject to customary closing conditions, including receipt of regulatory approvals".</li>
<li>"Regulatory approvals" were not cited. But we now know one of them is Singapore's CCC, which is inviting public feedback on the transaction through to the 18 November 2024.</li>
</ul>


On the 16th August, Singaporean-based online real estate portal PropertyGuru (PGRU US) announced a US$6.70/share cash Offer from Sweden's EQT AB, a 52% premium to undisturbed. 
On the 9th October, shareholders approved the merger. "The Transactions are expected to close in Q4 2024 or Q1 2025, subject to customary closing conditions, including receipt of regulatory approvals".
"Regulatory approvals" were not cited. But we now know one of them is Singapore's CCC, which is inviting public feedback on the transaction through to the 18 November 2024.


CCCS Runs A Ruler Over EQT's Offer For PropertyGuru (NYSE:PGRU)