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

<ul>
<li>After <strong><a href="https://www.smartkarma.com/entities/goldlion-holdings-ltd" target="_blank" data-smartkarma-citation="entities:12359:1" rel="noopener">Goldlion Holdings (533 HK)</a></strong>, an apparel manufacturer/distributor, was suspended pursuant to the Takeovers Code, the obvious Offeror, by way of a Scheme, from the Tsang family (<a href="https://di.hkex.com.hk/di/NSForm3A.aspx?fn=DA20231227E00309&amp;sa2=as&amp;sid=1075&amp;corpn=Goldlion+Holdings+Ltd.&amp;sd=18%2f12%2f2008&amp;ed=18%2f12%2f2024&amp;cid=0&amp;sa1=cl&amp;scsd=18%2f12%2f2008&amp;sced=18%2f12%2f2024&amp;sc=533&amp;src=MAIN&amp;lang=EN&amp;g_lang=en&amp;" target="_blank" rel="noopener">63.09%</a> stakeholder).  </li>
<li>And that it's exactly what unfolded.  The Cancellation Price is $1.5232/share (declared final), a 24.85% premium to last price, but a punchy 71% premium to undisturbed. </li>
<li>The long stop is the 30th September 2025. This will probably be completed in less than half the time. There <em>will</em> be a question mark over the low price-to-book multiple. </li>
</ul>


After Goldlion Holdings (533 HK), an apparel manufacturer/distributor, was suspended pursuant to the Takeovers Code, the obvious Offeror, by way of a Scheme, from the Tsang family (63.09% stakeholder).  
And that it's exactly what unfolded.  The Cancellation Price is $1.5232/share (declared final), a 24.85% premium to last price, but a punchy 71% premium to undisturbed. 
The long stop is the 30th September 2025. This will probably be completed in less than half the time. There will be a question mark over the low price-to-book multiple. 


Goldlion Holdings (533 HK): Tsang Family's Scheme