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

IRC (1029 HK)'s MBO's MGO: Still An Avoid

Quiddity Advisors

Event-Driven

<ul>
<li>Nikolai Levitskii, Russian iron-ore play <strong><a href="https://www.smartkarma.com/entities/irc-ltd" target="_blank" data-smartkarma-citation="entities:20649:1" rel="noopener">IRC Ltd (1029 HK)</a></strong>'s chairman and largest shareholder, has acquired 4.72% of shares out, lifting his stake above 30%, triggering an MGO. </li>
<li>The Offer price of HK$0.118/share, a 32.58% to last close, is the same price paid for the stake increase. </li>
<li>The Offer is conditional on Levitskii holding more than 50% of shares out. His intention is to maintain IRC's listing. </li>
</ul>


Nikolai Levitskii, Russian iron-ore play IRC Ltd (1029 HK)'s chairman and largest shareholder, has acquired 4.72% of shares out, lifting his stake above 30%, triggering an MGO. 
The Offer price of HK$0.118/share, a 32.58% to last close, is the same price paid for the stake increase. 
The Offer is conditional on Levitskii holding more than 50% of shares out. His intention is to maintain IRC's listing. 


Irc Ltd

IRC (1029 HK): MBO's MGO. Look Away ...