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

Penguin International (PBS SP): Offer Extended, No Bump, Time to Unwind

Penguin International (PBS SP): Chairman & Dymon Return To the Well

Penguin International (PBS SP): Friendly Privatization Deal Might Need A Bump

Quiddity Advisors

Event-Driven

<ul>
<li>On the 4 May, Singapore-based builder and operator of aluminum high-speed boats <strong><a href="https://www.smartkarma.com/entities/penguin-international-ltd" target="_blank" data-smartkarma-citation="entities:10190:1" rel="noopener">Penguin International (PBS SP)</a></strong> announced a Voluntary Unconditional Offer from its Chairman and Dymon Group at S$.82/share. </li>
<li>The Offer Price was a lifetime high and likely sufficient to push for compulsory acquisition. However, the Offerors have now sweetened terms to S$0.83/share. </li>
<li>As to be expected, this is trading to terms. Volume remains light.</li>
</ul>


On the 4 May, Singapore-based builder and operator of aluminum high-speed boats Penguin International (PBS SP) announced a Voluntary Unconditional Offer from its Chairman and Dymon Group at S$.82/share. 
The Offer Price was a lifetime high and likely sufficient to push for compulsory acquisition. However, the Offerors have now sweetened terms to S$0.83/share. 
As to be expected, this is trading to terms. Volume remains light.


Penguin Int'l (PBS SP): Chairman & Dymon's Bumped & Final Offer