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

CPMC (906 HK): SAMR Green Lights ORG's Offer

CPMC (906 HK) Responds To Champion's Offer

CPMC (906 HK): Champion's Offer Now Open. But All Eyes On ORG's Tilt

Quiddity Advisors

Event-Driven

<ul>
<li>At the first close , SASAC/NCSSF-backed Champion Holdings <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0903/2024090302069.pdf" target="_blank" rel="noopener">failed to secure the 50% acceptance condition</a>. No surprises there. What was a surprise was Champion Holdings letting the Offer <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0903/2024090302069.pdf" target="_blank" rel="noopener">lapse</a>. </li>
<li>Champion Holdings could have extended the Offer to the 30th Sept, which would have achieved little. But they could have bumped terms. They did neither.</li>
<li>That leaves <a href="https://www.smartkarma.com/entities/org-technology-co-ltd-a" target="_blank" data-smartkarma-citation="entities:17510:1" rel="noopener">ORG Technology Co., Ltd. A (002701 CH)</a> as the sole bidder for <a href="https://www.smartkarma.com/entities/cpmc-holdings-ltd" target="_blank" data-smartkarma-citation="entities:10427:1" rel="noopener">CPMC Holdings (906 HK)</a> . And arguably, an unwilling bidder at that. </li>
</ul>


At the first close , SASAC/NCSSF-backed Champion Holdings failed to secure the 50% acceptance condition. No surprises there. What was a surprise was Champion Holdings letting the Offer lapse. 
Champion Holdings could have extended the Offer to the 30th Sept, which would have achieved little. But they could have bumped terms. They did neither.
That leaves ORG Technology Co., Ltd. A (002701 CH) as the sole bidder for CPMC Holdings (906 HK) . And arguably, an unwilling bidder at that. 


China Traditional Chinese Medicine (570 HK)

CPMC Holdings

CPMC (906 HK): Champion Holdings Walks