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

IClick(ICLK US): PAG & Oasis Shake The Trees

Quiddity Advisors

Event-Driven

iClick Interactive Asia Group / Event-Driven

<ul>
<li>The EGM to vote on the privatisation of <strong><a href="https://www.smartkarma.com/entities/iclick-interactive-asia-group-limited" target="_blank" data-smartkarma-citation="entities:27314:1" rel="noopener">iClick (ICLK US)</a></strong> takes place on the 8th March.  The Offer price is US$4.08/ADS (US$0.816/share), bang in-line with iClick's 1H23 net cash/share. </li>
<li>That's a far cry from the 2021 non-binding Offers of US$75/ADS and US$67.50/ADS from Infinity Equity Management and PAG/Oasis respectively - after adjusting for November 2022's reverse share split. </li>
<li>The Buyer Group owns 35% of shares out and 69% of the vote. The Merger requires at least two-thirds of the voting power of shares out. So this is done. </li>
</ul>


The EGM to vote on the privatisation of iClick (ICLK US) takes place on the 8th March.  The Offer price is US$4.08/ADS (US$0.816/share), bang in-line with iClick's 1H23 net cash/share. 
That's a far cry from the 2021 non-binding Offers of US$75/ADS and US$67.50/ADS from Infinity Equity Management and PAG/Oasis respectively - after adjusting for November 2022's reverse share split. 
The Buyer Group owns 35% of shares out and 69% of the vote. The Merger requires at least two-thirds of the voting power of shares out. So this is done. 


IClick (ICLK US): Offer Price In Line With Net Cash