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

Hengdeli Holdings (3389 HK)'s Pitiful Partial Offer

Quiddity Advisors

Event-Driven

<ul>
<li>Watch accessory play <a href="https://www.smartkarma.com/entities/hengdeli-holdings-ltd" target="_blank" data-smartkarma-citation="entities:15178:1" rel="noopener">Hengdeli Holdings (3389 HK)</a> is currently<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0617/2024061700059.pdf" target="_blank" rel="noopener"> suspended</a> pursuant to the Takeovers Code.</li>
<li>Potentially founder Zhang Yuping (holding 17%), CEO Tony Cheung (16%) and/or <a href="https://www.smartkarma.com/entities/swatch-group-ag" target="_blank" data-smartkarma-citation="entities:22591:1" rel="noopener">Swatch Group (UHR SW)</a> (9.94%) may table an Offer. My money is on Zhang.</li>
<li>This is a very illiquid name. What is interesting is that Hengdeli has net cash of HK$1.3bn - as at 31 December 2023 - against a market cap of HK$0.59bn.</li>
</ul>


Watch accessory play Hengdeli Holdings (3389 HK) is currently suspended pursuant to the Takeovers Code.
Potentially founder Zhang Yuping (holding 17%), CEO Tony Cheung (16%) and/or Swatch Group (UHR SW) (9.94%) may table an Offer. My money is on Zhang.
This is a very illiquid name. What is interesting is that Hengdeli has net cash of HK$1.3bn - as at 31 December 2023 - against a market cap of HK$0.59bn.


Hengdeli Holdings (3389 HK): Negative EV Play Halted