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

Quiddity Advisors

Event-Driven

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<p>Back on the 4 October, construction materials testing company <a href="https://www.smartkarma.com/entities/intega-group-ltd" target="_blank" data-smartkarma-citation="entities:30558:1" rel="noopener">Intega Group Ltd (ITG AU)</a> <a href="https://www.asx.com.au/asxpdf/20211004/pdf/4517hssbst3c5v.pdf" target="_blank" rel="noopener">announced</a> it had entered into a Scheme Implementation Deed (SID) with Dutch outfit Kiwa.  The SID was struck at A$0.90/share, a 58% premium to last close. Crescent Capital Partners, with 54.72% of shares out, supports the SID and will vote in favour.</p>
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<p>The transaction is subject to FIRB approval and as of today, the Treasurer has not provided a notice of no objection. Should that regulatory approval remain outstanding as of 31 December 2021, Intega is permitted to pay a special dividend of A$2.3mn each month (~A$0.005/share) between 1 January 2022 and 30 June 2022. These dividends will be in addition to the A$0.90/share cash consideration.</p>
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<p>The Scheme Booklet is now <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02446989-2A1336090?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">out</a>. The Scheme Meeting will be held on the 6 December with an expected implementation date of 17 December.</p>
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<p>More below the fold. </p>
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Back on the 4 October, construction materials testing company Intega Group Ltd (ITG AU) announced it had entered into a Scheme Implementation Deed (SID) with Dutch outfit Kiwa.  The SID was struck at A$0.90/share, a 58% premium to last close. Crescent Capital Partners, with 54.72% of shares out, supports the SID and will vote in favour.


The transaction is subject to FIRB approval and as of today, the Treasurer has not provided a notice of no objection. Should that regulatory approval remain outstanding as of 31 December 2021, Intega is permitted to pay a special dividend of A$2.3mn each month (~A$0.005/share) between 1 January 2022 and 30 June 2022. These dividends will be in addition to the A$0.90/share cash consideration.


The Scheme Booklet is now out. The Scheme Meeting will be held on the 6 December with an expected implementation date of 17 December.


More below the fold. 


Intega (ITG AU): Scheme Booklet Out. Meeting On The 6 December