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

Great Eastern (GE SP): Inching Towards Suspension

Great Eastern (GE SP): OCBC's S$25.60 Unconditional Offer

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/great-eastern-holdings-ltd" target="_blank" data-smartkarma-citation="entities:13993:1" rel="noopener"><strong>Great Eastern Holdings (GE SP)</strong></a> has consistently traded through <strong><a href="https://www.smartkarma.com/entities/oversea-chinese-banking-corp" target="_blank" data-smartkarma-citation="entities:114:1" rel="noopener">OCBC (OCBC SP)</a></strong>'s Offer terms from the onset. </li>
<li>OCBC did not declare its S$25.60 cash Offer final. And someone appears to be accumulating a stake to block an Exit/Delisting Offer, presumably towards negotiating a bump in terms.</li>
<li>But what happens if GE's free float falls &lt;10% at the close of the Offer and GE is suspended? And OCBC has no intention of restoring the float?</li>
</ul>



Great Eastern Holdings (GE SP) has consistently traded through OCBC (OCBC SP)'s Offer terms from the onset. 
OCBC did not declare its S$25.60 cash Offer final. And someone appears to be accumulating a stake to block an Exit/Delisting Offer, presumably towards negotiating a bump in terms.
But what happens if GE's free float falls &lt;10% at the close of the Offer and GE is suspended? And OCBC has no intention of restoring the float?


Great Eastern Holdings

Great Eastern (GE SP): Getting Technical