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

StubWorld: Evergrande Auto, PCCW, LG Corp

StubWorld: Evergrande Auto's Bubble Trouble

China Evergrande New Energy Vehicle Placement - The Selling Begins

StubWorld: Evergrande Auto (708 HK) Tapping All & Sundry; ASM Pacific Going Private?

China Evergrande (3333 HK): Set-Up Vs. Electrified Health

Quiddity Advisors

Event-Driven

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In <a href="https://skr.ma/Bx5Bh" target="_blank" rel="noopener">StubWorld: Evergrande Auto (708 HK) Tapping All &amp; Sundry; ASM Pacific Going Private?</a>, I discussed <a href="https://www.smartkarma.com/entities/evergrande-health-industry-group-ltd" target="_blank" data-smartkarma-citation="entities:713:1" rel="noopener">Evergrande Auto (708 HK)</a>'s (also officially known as China Evergrande New Energy Vehicle Group) <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0918/2020091800129.pdf" target="_blank" rel="noopener">announcement</a> of an intention to list on Shanghai's Sci-Tech Board (also known as the "Star Market").
A notice for the EGM has now been <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0925/2020092501950.pdf" target="_blank" rel="noopener">despatched</a>. The EGM will be held on the 20 October. Pricing has yet to be determined for the listing, but the announcement states:
<blockquote>
The offer price shall not be lower than the closing price of the Hong Kong Shares immediately prior to the date of the Board meeting approving the Proposed Issue of RMB Shares, i.e. HK$25.00 per Share.
</blockquote>
Shares are down ~20% since that Board meeting - after taking into account today's 20% gain.  
Applying the timeline for a handful of precedent RMB issuances,  Evergrande Auto's listing on the STAR board could potentially take place in late Jan/early Feb 2021. 
As usual, more below the fold.
</div>


In StubWorld: Evergrande Auto (708 HK) Tapping All &amp; Sundry; ASM Pacific Going Private?, I discussed Evergrande Auto (708 HK)'s (also officially known as China Evergrande New Energy Vehicle Group) announcement of an intention to list on Shanghai's Sci-Tech Board (also known as the "Star Market").
A notice for the EGM has now been despatched. The EGM will be held on the 20 October. Pricing has yet to be determined for the listing, but the announcement states:

The offer price shall not be lower than the closing price of the Hong Kong Shares immediately prior to the date of the Board meeting approving the Proposed Issue of RMB Shares, i.e. HK$25.00 per Share.

Shares are down ~20% since that Board meeting - after taking into account today's 20% gain.  
Applying the timeline for a handful of precedent RMB issuances,  Evergrande Auto's listing on the STAR board could potentially take place in late Jan/early Feb 2021. 
As usual, more below the fold.


Semiconductor Manufacturing International Corp (SMIC) (981 HK)

Semiconductor Manufacturing International Corp (SMIC)

Evergrande Auto (708 HK): EGM Ahead Of Star Market Listing