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

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the <a href="https://links.sgx.com/FileOpen/First%20Resources%20-%20Acquisition%20of%20PT%20Austindo%20Nusantara%20Jaya%20Tbk.ashx?App=Announcement&amp;FileID=836661" target="_blank" rel="noopener">10th March 2025</a>, <strong><a href="https://www.smartkarma.com/entities/first-resources-ltd" target="_blank" data-smartkarma-citation="entities:4906:1" rel="noopener">First Resources (FR SP)</a></strong> entered into a SPA to acquire a 91.17% stake in oil plantation producer <strong><a href="https://www.smartkarma.com/entities/austindo-nusantara-jaya-pt" target="_blank" data-smartkarma-citation="entities:2208:1" rel="noopener">Austindo Nusantara Jaya (ANJT IJ)</a>.</strong>
</li>
<li>The completion of the transaction would trigger an mandatory tender offer (MTO). The sale was completed on the 6th May. </li>
<li>The MTO kicks off today. The Offer Price is IDR 1,813/share. Payment is the 3rd October.</li>
</ul>


Back on the 10th March 2025, First Resources (FR SP) entered into a SPA to acquire a 91.17% stake in oil plantation producer Austindo Nusantara Jaya (ANJT IJ).

The completion of the transaction would trigger an mandatory tender offer (MTO). The sale was completed on the 6th May. 
The MTO kicks off today. The Offer Price is IDR 1,813/share. Payment is the 3rd October.


Austindo (ANJT IJ): First Resources (FR SP)'s MTO