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

Fengxiang (9977 HK): PAG Invites Dissent After Scrapping Scrip Alternative

Fengxiang (9977 HK): Pre-Cons Done. Possible Payment Mid-September

Fengxiang (9977 HK): Composite Doc Out. 24th July H-Class Meeting

Fengxiang (9977 HK): A Delisting Fail That Is No Biggie

Fengxiang (9977 HK): MGO Expected To Follow Judicial Auction

Fengxiang (9977 HK): Offer Doc Out. Tender Now Or Sell In The Market

Fengxiang (9977 HK): SPA Completed. Now For The Unconditional MGO

Quiddity Advisors

Event-Driven

<ul>
<li>When <strong><a href="https://www.smartkarma.com/entities/shandong-fengxiang-co-ltd-h" target="_blank" data-smartkarma-citation="entities:29164:1" rel="noopener">Shandong Fengxiang (9977 HK)</a></strong> was suspended last month due to the Takeovers Code, I expected PAG to launch an Offer by way of a Merger by Absorption at <strong>~HK$2.00</strong>.</li>
<li>And that is exactly what unfolded. The price, which is a 33.33% premium to last close is final. 42.35% of independent H-shareholders are supportive. A scrip alternative is afforded.</li>
<li>PAG was permitted to take control of Fengxiang, via the domestic shares, late 2022. There will be no regulatory roadblock as PAG now seeks to privatise Fengxiang. </li>
</ul>


When Shandong Fengxiang (9977 HK) was suspended last month due to the Takeovers Code, I expected PAG to launch an Offer by way of a Merger by Absorption at ~HK$2.00.
And that is exactly what unfolded. The price, which is a 33.33% premium to last close is final. 42.35% of independent H-shareholders are supportive. A scrip alternative is afforded.
PAG was permitted to take control of Fengxiang, via the domestic shares, late 2022. There will be no regulatory roadblock as PAG now seeks to privatise Fengxiang. 


Shandong Fengxiang

Fengxiang (9977 HK): PAG's Pre-Con Offer