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): OCBC's S$25.60 Unconditional Offer

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 10th May, <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> made a voluntary unconditional general Offer for the 11.56% in life/non-life insurer <a href="https://www.smartkarma.com/entities/great-eastern-holdings-ltd" target="_blank" data-smartkarma-citation="entities:13993:1" rel="noopener">Great Eastern Holdings (GE SP)</a> not held.</li>
<li>At a 36.9% premium to last close, the S$25.60/share Offer Price appeared fair. Yet GE has consistently traded through terms, potentially as someone seeks to block delisting, and negotiate terms.</li>
<li>
OCBC has now declared terms final. The IFA says "not fair, but reasonable" - and recommends shareholders accept the Offer. GE will be suspended at the close of the Offer.</li>
</ul>


Back on the 10th May, OCBC (OCBC SP) made a voluntary unconditional general Offer for the 11.56% in life/non-life insurer Great Eastern Holdings (GE SP) not held.
At a 36.9% premium to last close, the S$25.60/share Offer Price appeared fair. Yet GE has consistently traded through terms, potentially as someone seeks to block delisting, and negotiate terms.

OCBC has now declared terms final. The IFA says "not fair, but reasonable" - and recommends shareholders accept the Offer. GE will be suspended at the close of the Offer.


Great Eastern (GE SP): Inching Towards Suspension