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

CPMC (906 HK): Shares Retrace As Clock Ticks On ORG's Bid

Quiddity Advisors

Event-Driven

<ul>
<li>In what I viewed as one of the cleaner deals, <a href="https://www.smartkarma.com/entities/cpmc-holdings-ltd" target="_blank" data-smartkarma-citation="entities:10427:1" rel="noopener"><strong>CPMC Holdings (906 HK)</strong></a> announced a pre-conditional Offer from SASAC and the National Council for Social Security Fund of China.</li>
<li>A decent premium to undisturbed, a low tendering threshold, and a large shareholder giving an irrevocable - this looked done. </li>
<li>Now ORG Development Limited/<strong><a href="https://www.smartkarma.com/entities/org-technology-co-ltd-a" target="_blank" data-smartkarma-citation="entities:17510:1" rel="noopener">ORG Technology Co., Ltd. A (002701 CH)</a></strong>, holding 24.4% of shares out, is mulling a competing conditional general cash Offer. One of these Offers will get up.</li>
</ul>


In what I viewed as one of the cleaner deals, CPMC Holdings (906 HK) announced a pre-conditional Offer from SASAC and the National Council for Social Security Fund of China.
A decent premium to undisturbed, a low tendering threshold, and a large shareholder giving an irrevocable - this looked done. 
Now ORG Development Limited/ORG Technology Co., Ltd. A (002701 CH), holding 24.4% of shares out, is mulling a competing conditional general cash Offer. One of these Offers will get up.


CPMC Holdings

CPMC (906 HK): SASAC Usurper?