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

Lifestyle (1212 HK): Timing Is Everything As Shareholders Go To Vote on 21 Nov

Lifestyle China (2136 HK): Thomas Lau Scheme Expected

Quiddity Advisors

Event-Driven

<ul>
<li>After <strong><a href="https://www.smartkarma.com/entities/lifestyle-china-group-ltd" target="_blank" data-smartkarma-citation="entities:26090:1" rel="noopener">Lifestyle China (2136 HK)</a></strong> was suspended pursuant to then Takeovers Code, the takeaway was that Thomas Lau with 74.91% of shares out would table a Scheme.</li>
<li>Which is <a href="https://www.smartkarma.com/compose/insight/169377/Lifestyle%20China%20(2136%20HK):%20Thomas%20Yau%20Scheme%20Expected.%20Read%20more:" target="_blank" rel="noopener">exactly what unfolded</a>. What was not expected was a stingy 21.7% premium to last close. </li>
<li>
<strong>The Offer Price has not been declared final</strong>. Lifestyle China is trading at 0.11x P/B. This Offer deserves a bump. Otherwise minorities should vote this down.</li>
</ul>


After Lifestyle China (2136 HK) was suspended pursuant to then Takeovers Code, the takeaway was that Thomas Lau with 74.91% of shares out would table a Scheme.
Which is exactly what unfolded. What was not expected was a stingy 21.7% premium to last close. 

The Offer Price has not been declared final. Lifestyle China is trading at 0.11x P/B. This Offer deserves a bump. Otherwise minorities should vote this down.


Canvest Environmental Protection Group (1381 HK)

Lifestyle International Holdings (1212 HK)

Lifestyle China (2136 HK): Thomas Lau's Scheme - The Premium Is Wrong