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

Fengxiang (9977 HK): Offer Doc Out. Tender Now Or Sell In The Market

Fengxiang (9977 HK): A Delisting Fail That Is No Biggie

Fengxiang (9977 HK): PAG's Unconditional MGO And Proposed Delisting

Fengxiang (9977 HK): Unconditional MGO Imminent

Fengxiang (9977 HK): MGO Expected To Follow Judicial Auction

Quiddity Advisors

Event-Driven

<ul>
<li>A little over two months since PAG Capital won the judicial auction to acquire 70.92% of <strong><a href="https://www.smartkarma.com/entities/shandong-fengxiang-co-ltd-h" target="_blank" data-smartkarma-citation="entities:29164:1" rel="noopener">Shandong Fengxiang (9977 HK)</a></strong>, the acquisition has now cleared all regulatory clearances, including SAMR.</li>
<li>PAG will now be required to make an unconditional Offer for all H-shares at HK$1.5132/share. Separately, PAG intends to delist Fengxiang which involves Scheme-like delisting resolutions. </li>
<li>This is done. The timing for approving the SPA was bang-on with my expectation.</li>
</ul>


A little over two months since PAG Capital won the judicial auction to acquire 70.92% of Shandong Fengxiang (9977 HK), the acquisition has now cleared all regulatory clearances, including SAMR.
PAG will now be required to make an unconditional Offer for all H-shares at HK$1.5132/share. Separately, PAG intends to delist Fengxiang which involves Scheme-like delisting resolutions. 
This is done. The timing for approving the SPA was bang-on with my expectation.


Fengxiang (9977 HK): SPA Completed. Now For The Unconditional MGO