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

Xingda Int’l (1899 HK): Partial MBO Open For Tendering

Xingda (1899 HK)'s HK$1.30/Share Offer - Say What?

Quiddity Advisors

Event-Driven

<ul>
<li>On the 24 September,  tyre component manufacturer <a href="https://www.smartkarma.com/entities/xingda-international-holdings" target="_blank" data-smartkarma-citation="entities:17836:1" rel="noopener">Xingda International (1899 HK)</a> announced a $1.30/share cash Offer from Liu Jinlan, chairman and executive director. </li>
<li>The Offer is conditional on a 50% acceptance hurdle, and Liu and concert parties hold 37.03%. The Composite Doc is  out. The IFA rightfully concludes the Offer is not fair.
</li>
<li>However, the Offer is effectively a pre-emptive strike against former employee Yue Zhao (9.24% shareholder), who was recently appointed ED and vice-chairman of <a href="https://www.smartkarma.com/entities/shougang-concord-century-holdings-ltd" target="_blank" data-smartkarma-citation="entities:5500:1" rel="noopener">Shougang Concord (103 HK)</a>, Xingda's major competitor.</li>
</ul>


On the 24 September,  tyre component manufacturer Xingda International (1899 HK) announced a $1.30/share cash Offer from Liu Jinlan, chairman and executive director. 
The Offer is conditional on a 50% acceptance hurdle, and Liu and concert parties hold 37.03%. The Composite Doc is  out. The IFA rightfully concludes the Offer is not fair.

However, the Offer is effectively a pre-emptive strike against former employee Yue Zhao (9.24% shareholder), who was recently appointed ED and vice-chairman of Shougang Concord (103 HK), Xingda's major competitor.


Canvest Environmental Protection Group (1381 HK)

Shougang Concord Century Holdings Ltd (103 HK)

Xingda (1899 HK)'s Offer Now Open. IFA Say Not Fair