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 26 years of covering Asia Pacific equities, the past 20 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

StubWorld: Cathay Air Outperforming Air China; And WH Group Outperforming Smithfield

Cathay (293 HK) Takes Out Qatar Airway's Stake

StubWorld: Swire Pac's NAV Discount Widens. Bs Outperform As

Swire Pac (19 HK): Thai Beverage Spin-Off

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 5th November 2025, <a href="https://www.smartkarma.com/entities/cathay-pacific-airways-ltd" target="_blank" data-smartkarma-citation="entities:243:1" rel="noopener">Cathay Pacific Airways (293 HK)</a>  <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1105/2025110502046.pdf" target="_blank" rel="noopener">announced</a> it planned to acquire Qatar Airways' 9.57% stake at HK$10.8374/share, or an outlay of HK$6.96bn (~US$890mn).</li>
<li>This development required SFC approval (granting a MGO waiver), as <a href="https://www.smartkarma.com/entities/swire-pacific-ltd-cl-a" target="_blank" data-smartkarma-citation="entities:10433:1" rel="noopener">Swire Pacific (19 HK)</a>'s stake in Cathay increased to 47.69% (from 43.12%); and Air China’s stake to 31.78% (from 28.74%).</li>
<li>Curiously, Air China has now entered into a share placing agreement, the result of which would see its stake settle at 29.98% after the Qatar Airways buyback.</li>
</ul>


Back on the 5th November 2025, Cathay Pacific Airways (293 HK)  announced it planned to acquire Qatar Airways' 9.57% stake at HK$10.8374/share, or an outlay of HK$6.96bn (~US$890mn).
This development required SFC approval (granting a MGO waiver), as Swire Pacific (19 HK)'s stake in Cathay increased to 47.69% (from 43.12%); and Air China’s stake to 31.78% (from 28.74%).
Curiously, Air China has now entered into a share placing agreement, the result of which would see its stake settle at 29.98% after the Qatar Airways buyback.


Cathay (293 HK): Air China Sells Down Ahead Of Qatar Airway's Buyback