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

SOHO China (410 HK) Suspended Pursuant To The Takeovers Code - Again

SOHO China (410 HK): Known Knowns As Spread Widens

Quiddity Advisors

Event-Driven

After gaining 47.58% this morning, PRC property-play <a href="https://www.smartkarma.com/entities/soho-china-ltd" target="_blank" data-smartkarma-citation="entities:4123:1" rel="noopener">Soho China Ltd (410 HK)</a> announced shortly before lunch a <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0310/2020031000160.htm" target="_blank" rel="noopener">trading halt</a>.
The news is that Blackstone Group is seeking to take the company private at a rumored price of $6/share, a ~100% premium to the undisturbed price of $2.98.
$6/share backs out a market cap of HK$31.1bn (US$4bn), and an EV of ~HK$53bn.
SOHO is 63.93% held by founder Pan Shiyi and his wife Zhang Xin.
As always, there is more below the fold.

After gaining 47.58% this morning, PRC property-play Soho China Ltd (410 HK) announced shortly before lunch a trading halt.
The news is that Blackstone Group is seeking to take the company private at a rumored price of $6/share, a ~100% premium to the undisturbed price of $2.98.
$6/share backs out a market cap of HK$31.1bn (US$4bn), and an EV of ~HK$53bn.
SOHO is 63.93% held by founder Pan Shiyi and his wife Zhang Xin.
As always, there is more below the fold.

Yuexiu Real Estate Investment Trust (405 HK)

SOHO China Suspended Ahead Of Possible Blackstone Bid