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

Hongkong & Shanghai Hotels - Check-Out Time

Quiddity Advisors

Event-Driven

Hongkong & Shanghai Hotels / Event-Driven

<ul>
<li>The Kadoorie family, <strong><a href="https://www.smartkarma.com/entities/hongkong-shanghai-hotels" target="_blank" data-smartkarma-citation="entities:5274:1" rel="noopener">Hongkong &amp; Shanghai Hotels (45 HK)</a></strong>'s major shareholder, is paying HK$2.63bn to increase its holding to 72.43% from 59.98%.</li>
<li>The price under the SPA is $12.80/share, a 92.5% premium to the undisturbed price. Shares promptly gained 19.5% yesterday. No Offer was triggered. </li>
<li>What is conveniently left out of the announcement, and in media articles, is the original owner of these shares - <a href="https://www.smartkarma.com/entities/tai-united-holdings-ltd" target="_blank" data-smartkarma-citation="entities:7166:1" rel="noopener"><strong>Tai United Holdings (718 HK</strong>)</a>.</li>
</ul>


The Kadoorie family, Hongkong &amp; Shanghai Hotels (45 HK)'s major shareholder, is paying HK$2.63bn to increase its holding to 72.43% from 59.98%.
The price under the SPA is $12.80/share, a 92.5% premium to the undisturbed price. Shares promptly gained 19.5% yesterday. No Offer was triggered. 
What is conveniently left out of the announcement, and in media articles, is the original owner of these shares - Tai United Holdings (718 HK).


HK&S Hotels (45 HK): Kadoories Mop Up Someone Else's Mess