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

Austal (ASB AU)'s Placement Puts The Skids On Near-Term M&A

Austal (ASB AU): A Hanwha Bid Is Back In Play

The Bigger Picture As Aussie Government "Approves' Hanwha Ocean's Austal Bid

Quiddity Advisors

Event-Driven

<ul>
<li>After the US' CFIUS permitted the Hanwha Group to acquire up to a 100% stake in Aussie-based shipbuilding and defense firm <a href="https://www.smartkarma.com/entities/austal-ltd" target="_blank" data-smartkarma-citation="entities:14420:1" rel="noopener">Austal Ltd (ASB AU)</a>, FIRB's support appeared a lock.</li>
<li>FIRB has now cleared Hanwha to lift its stake to 19.9% from 9.9%, "and cannot increase its shareholding above 19.9 per cent". Andrew and Nicola Forrest's Tattarang currently holds ~19.4%. </li>
<li>This development should not come as a surprise. Fundamentally, Austal is not inexpensive. </li>
</ul>


After the US' CFIUS permitted the Hanwha Group to acquire up to a 100% stake in Aussie-based shipbuilding and defense firm Austal Ltd (ASB AU), FIRB's support appeared a lock.
FIRB has now cleared Hanwha to lift its stake to 19.9% from 9.9%, "and cannot increase its shareholding above 19.9 per cent". Andrew and Nicola Forrest's Tattarang currently holds ~19.4%. 
This development should not come as a surprise. Fundamentally, Austal is not inexpensive. 


Austal (ASB AU): Hanwha Cleared To Lift Stake To 19.9%