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

SHK (666 HK): Allied Group Further Cleans House With Scheme Offer

Allied Prop (56 HK): In High Court Today ...

Quiddity Advisors

Event-Driven

On the 18 December last year, <a href="https://www.smartkarma.com/entities/allied-group-ltd" target="_blank" data-smartkarma-citation="entities:4387:1" rel="noopener">Allied (373 HK)</a> made an <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1218/2020121801069.pdf" target="_blank" rel="noopener">Offer</a> for 75%-held <a href="https://www.smartkarma.com/entities/shk-hong-kong-industries-ltd" target="_blank" data-smartkarma-citation="entities:2399:1" rel="noopener">Shk Hong Kong Industries (666 HK)</a>, by way of a Scheme, at $0.21/share (cash), a 50.00% premium to last close.  The Offer price is final. There is no headcount test as SHK is HK-incorporated.
The Scheme Document has now been <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0210/2021021001027.pdf" target="_blank" rel="noopener">despatched</a>. The Court Meeting will be held on the 12 March, and assuming Disinterested Shareholders approve the Scheme resolutions, payment is expected on the 3 May.
The IFA - Pelican Financial - considers the Offer terms to be "fair and reasonable". 
This looks done.
As always, more below the fold.

On the 18 December last year, Allied (373 HK) made an Offer for 75%-held Shk Hong Kong Industries (666 HK), by way of a Scheme, at $0.21/share (cash), a 50.00% premium to last close.  The Offer price is final. There is no headcount test as SHK is HK-incorporated.
The Scheme Document has now been despatched. The Court Meeting will be held on the 12 March, and assuming Disinterested Shareholders approve the Scheme resolutions, payment is expected on the 3 May.
The IFA - Pelican Financial - considers the Offer terms to be "fair and reasonable". 
This looks done.
As always, more below the fold.

SHK (666 HK): Scheme Doc Out, IFA Says Fair

SHK Hong Kong Industries

SHK (666 HK): Scheme Doc Out, IFA Says Fair