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

Quiddity Advisors

Event-Driven

My colleagues strive to cover M&amp;A transactions in Asia-Pac - and further afield - with a market cap &gt;US$100mn and/or when liquidity or the backdrop story warrant comment. This insight is no exception.
In the past two weeks, two companies who form part of the <a href="https://webb-site.com/articles/huarongcmb.asp" target="_blank">Huarong-CMB network</a> (HCN), as discussed by David Webb, and one company enmeshed in the <a href="https://webb-site.com/articles/enigma.asp" target="_blank">Enigma network</a>, have received official offers or are have made announcements pursuant to the Hong Kong Code on Takeovers and Mergers.
<ul>
<li>[HCN]  <a href="https://www.smartkarma.com/entities/8706" target="_blank" data-smartkarma-citation="entities:8706:1">New Sports Group (299 HK)</a> was <a href="http://www3.hkexnews.hk/listedco/listconews/SEHK/2019/0118/LTN201901189999.PDF" target="_blank">halted from trading</a> on the 18 January and <a href="http://www3.hkexnews.hk/listedco/listconews/SEHK/2019/0121/LTN20190121825.pdf" target="_blank">announced a cash or scrip offer</a>, with the cash alternative of $0.435/share priced at a premium of 3.57% to last close.</li>
<li>[Enigma]  <a href="https://www.smartkarma.com/entities/27874" target="_blank" data-smartkarma-citation="entities:27874:1">LEAP Holdings Group Ltd (1499 HK)</a> is currently <a href="http://www3.hkexnews.hk/listedco/listconews/SEHK/2019/0110/LTN201901109989.PDF" target="_blank">suspended</a> pending an announcement.</li>
<li>[HCN]  <a href="https://www.smartkarma.com/entities/380" target="_blank" data-smartkarma-citation="entities:380:1">China Singyes Solar Tech (750 HK)</a> announced it may be subject to a <a href="http://www3.hkexnews.hk/listedco/listconews/SEHK/2019/0122/LTN20190122597.pdf" target="_blank">mandatory takeover</a> pending the outcome of an MOU.</li>
</ul>
Below are brief comments on all three situations. In the case of New Sports, it is a very real deal, with financing in place for the cash option.
It is arguable whether the tanking in CSST shares yesterday after the resumption of trading, increases or lessens the chances of an official Offer unfolding.

My colleagues strive to cover M&amp;A transactions in Asia-Pac - and further afield - with a market cap &gt;US$100mn and/or when liquidity or the backdrop story warrant comment. This insight is no exception.
In the past two weeks, two companies who form part of the Huarong-CMB network (HCN), as discussed by David Webb, and one company enmeshed in the Enigma network, have received official offers or are have made announcements pursuant to the Hong Kong Code on Takeovers and Mergers.

[HCN]  New Sports Group (299 HK) was halted from trading on the 18 January and announced a cash or scrip offer, with the cash alternative of $0.435/share priced at a premium of 3.57% to last close.
[Enigma]  LEAP Holdings Group Ltd (1499 HK) is currently suspended pending an announcement.
[HCN]  China Singyes Solar Tech (750 HK) announced it may be subject to a mandatory takeover pending the outcome of an MOU.

Below are brief comments on all three situations. In the case of New Sports, it is a very real deal, with financing in place for the cash option.
It is arguable whether the tanking in CSST shares yesterday after the resumption of trading, increases or lessens the chances of an official Offer unfolding.

Dubious Delisting Deals: New Sports, LEAP, China Singyes Solar