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

Game On As ORG Lobs Competing Offer For CPMC (906 HK)

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>
<a href="https://www.smartkarma.com/entities/org-technology-co-ltd-a" target="_blank" data-smartkarma-citation="entities:17510:1" rel="noopener">ORG Technology (002701 CH)</a>, via the Offeror Huarui Fengquan Development Limited, has <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0829/2024082902348.pdf" target="_blank" rel="noopener">announced</a> SAMR has given its approval. ORG still requires MOFCOM, NDRC, and SAFE to sign off. </li>
<li>Interestingly, SASAC/NCSSF-backed Champion Holdings, the competing/initial bidder for <a href="https://www.smartkarma.com/entities/cpmc-holdings-ltd" target="_blank" data-smartkarma-citation="entities:10427:1" rel="noopener">CPMC (906 HK)</a>, secured MOFCOM, NDRC, and SAFE before SAMR clearance. Champion's regulatory pre-conditions took a little over seven months to secure.</li>
<li>
What now? SAMR is China's primary antitrust regulator (overlapping with NDRC). So this is positive for ORG. However, I'd still stick to ORG's pre-condition long stop in terms of timing. </li>
</ul>



ORG Technology (002701 CH), via the Offeror Huarui Fengquan Development Limited, has announced SAMR has given its approval. ORG still requires MOFCOM, NDRC, and SAFE to sign off. 
Interestingly, SASAC/NCSSF-backed Champion Holdings, the competing/initial bidder for CPMC (906 HK), secured MOFCOM, NDRC, and SAFE before SAMR clearance. Champion's regulatory pre-conditions took a little over seven months to secure.

What now? SAMR is China's primary antitrust regulator (overlapping with NDRC). So this is positive for ORG. However, I'd still stick to ORG's pre-condition long stop in terms of timing. 


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

CPMC Holdings

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