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

Meilan Airport (357 HK): Mixed Takeaways from Conversations with the Company

Meilan Airport (357 HK): Not Out of the Woods Yet

Meilan Airport (357 HK): Positive on The Only China Airport Trading Below Book Value

Meilan Airport (357 HK): Higher Visibility into Earnings Recovery Outlook

Meilan Airport (357 HK): Profit Warning Removed Share Price Overhang

Quiddity Advisors

Event-Driven

Hainan Meilan International Airport / Event-Driven

Hainan Meilan International Airport (357 HK)

<ul>
<li>Back On 29 September 2019, <a href="https://www.smartkarma.com/entities/hainan-meilan-international-airport-company-limited" target="_blank" data-smartkarma-citation="entities:12545:1" rel="noopener"><strong>Hainan Meilan International Airport (357 HK)</strong></a> entered into a subscription agreement with Hopu-affiliate Aero Infrastructure, for 200mn new H shares at HK$4.69/share.</li>
<li>That issuance failed as CSRC approval was not secured by the Long Stop. Hopu reckoned HMIA reneged on its duties to secure approval and lodged a notice of arbitration.</li>
<li>HKIAC recently agreed and opines HMIA did not use its best endeavours to complete the subscription. Hopu is seeking up to HK$6.962bn in compensation. Quite the overhang.</li>
</ul>


Back On 29 September 2019, Hainan Meilan International Airport (357 HK) entered into a subscription agreement with Hopu-affiliate Aero Infrastructure, for 200mn new H shares at HK$4.69/share.
That issuance failed as CSRC approval was not secured by the Long Stop. Hopu reckoned HMIA reneged on its duties to secure approval and lodged a notice of arbitration.
HKIAC recently agreed and opines HMIA did not use its best endeavours to complete the subscription. Hopu is seeking up to HK$6.962bn in compensation. Quite the overhang.


Hainan Meilan's (357 HK)'s Arbitration Case Is Not Without Merit