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

Tuya: Improving Sales Growth and Profit Margins Help to Clench Investment by 65 Equity Partners

Quiddity Advisors

Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/tuya-inc" target="_blank" data-smartkarma-citation="entities:32158:1" rel="noopener">Tuya Inc (TUYA US/2391 HK)</a></strong>, a leading IoT cloud platform in China, was listed on the 18th March 2021 at <a href="https://ir.tuya.com/news/news-details/2021/Tuya-Inc.-Announces-Pricing-of-Initial-Public-Offering-3804b1542/default.aspx#:~:text=(%22Tuya%22%20or%20the%20%22,allotment%20option%20for%20underwriters%20to" target="_blank" rel="noopener">US$21.00/ADS</a>. The share price is currently down 92.5%. </li>
<li>Tuya subsequently established a primary dual-listing in Hong Kong on the 5th July 2022, priced at <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0627/2022062701451.pdf" target="_blank" rel="noopener">HK$19.30/share</a>. Those shares are down ~23% </li>
<li>Temasek-Backed 65 Equity Partners has now acquired a 13% stake (equivalent to ~6.2% of the voting rights) in Tuya, with a view to establishing a secondary listing on the SGX.</li>
</ul>



Tuya Inc (TUYA US/2391 HK), a leading IoT cloud platform in China, was listed on the 18th March 2021 at US$21.00/ADS. The share price is currently down 92.5%. 
Tuya subsequently established a primary dual-listing in Hong Kong on the 5th July 2022, priced at HK$19.30/share. Those shares are down ~23% 
Temasek-Backed 65 Equity Partners has now acquired a 13% stake (equivalent to ~6.2% of the voting rights) in Tuya, with a view to establishing a secondary listing on the SGX.


Tuya Inc (TUYA US/2391 HK): Third Listing A Charm? Not So Fast ...