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

Changhong Jiahua (3991 HK): Expect Sichuan Changhong To Make An Offer

Changhong Jiahua (3991 HK): Sichuan Changhong's Pre-Con Scheme

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 22nd September 2025, SOE-backed <a href="https://www.smartkarma.com/entities/sichuan-changhong-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:17702:1" rel="noopener">Sichuan Changhong Electric Co, Ltd. (600839 CH)</a> made an Offer, by way of a pre-conditional Scheme, for 60.13%-held <a href="https://www.smartkarma.com/entities/changhong-jiahua-holdings-limited" target="_blank" data-smartkarma-citation="entities:5849:1" rel="noopener">Changhong Jiahua Holdings (3991 HK)</a>
</li>
<li>Sichuan Changhong,  plus provincial bodies, offered HK$1.223/share, a 32.93% premium to last close. The Offer Price is final. And optically is fair. </li>
<li>City level SASAC has been squared away. Provincial reg clearances outstanding (&amp; tardy), which may be due to governmental personnel changes, and the approval process straddling Chinese New Year. </li>
</ul>


Back on the 22nd September 2025, SOE-backed Sichuan Changhong Electric Co, Ltd. (600839 CH) made an Offer, by way of a pre-conditional Scheme, for 60.13%-held Changhong Jiahua Holdings (3991 HK)

Sichuan Changhong,  plus provincial bodies, offered HK$1.223/share, a 32.93% premium to last close. The Offer Price is final. And optically is fair. 
City level SASAC has been squared away. Provincial reg clearances outstanding (&amp; tardy), which may be due to governmental personnel changes, and the approval process straddling Chinese New Year. 


Sichuan Changhong Electric Co, Ltd. (600839 CH)

Changhong Jiahua (3991 HK): What's Up (Or Down To Be Precise)?