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 Int'l (1899 HK): Kicking The Tyres

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 7 Dec 2023, <strong><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></strong>  <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/1207/2022120701170.pdf" target="_blank" rel="noopener">announced</a> a partial Offer from a consortium comprising management at HK$1.88/share.</li>
<li>The consortium, at the time, held 45%, with the objective to hold &gt;50.01% at the close of the Offer. The final % was <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0310/2023031000976.pdf" target="_blank" rel="noopener">50.42%</a>. </li>
<li>The consortium <em>was</em> then free to take their stake up to 75%. However the shareholder structure has materially changed in 2024. Xingda is suspended (again) pursuant to the Takeovers Code.</li>
</ul>


Back on the 7 Dec 2023, Xingda International (1899 HK)  announced a partial Offer from a consortium comprising management at HK$1.88/share.
The consortium, at the time, held 45%, with the objective to hold &gt;50.01% at the close of the Offer. The final % was 50.42%. 
The consortium was then free to take their stake up to 75%. However the shareholder structure has materially changed in 2024. Xingda is suspended (again) pursuant to the Takeovers Code.


Xingda International

Xingda Int'l (1899 HK): Another Partial?