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

Golfzon Holdings (121440 KS): This Is A Buy And Hold

Golfzon Holdings (121440 KS): Egregious MBO Closes. This Is Not Over

Terton Capital Goes Activist on Golfzon Holdings

Golfzon Newdin - Consolidation of Golf Course Industry in Korea Likely to Re-Rate the Company HIgher

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 29th June, <strong><a href="https://www.smartkarma.com/entities/golfzon-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:16376:1" rel="noopener">Golfzon Holdings (121440 KS)</a></strong>'s largest shareholder Kim Won-il (via SJ Investments) launched a tender offer for the remaining 36.15% of Golfzon not owned, at ₩6,700/share.</li>
<li>At 0.35x P/B, it was an egregiously low-balled bid. Kim secured 62.9% of the target volume in the tender offer, increasing his stake to 76.85% from 55.36% (85.2% excluding treasuries).</li>
<li>Undeterred, Kim has reloaded. At the same ₩6,700/share Offer Price. Trading almost at terms. This Tender closes on the 2nd September. Do not tender. Hold off for a bump. </li>
</ul>


Back on the 29th June, Golfzon Holdings (121440 KS)'s largest shareholder Kim Won-il (via SJ Investments) launched a tender offer for the remaining 36.15% of Golfzon not owned, at ₩6,700/share.
At 0.35x P/B, it was an egregiously low-balled bid. Kim secured 62.9% of the target volume in the tender offer, increasing his stake to 76.85% from 55.36% (85.2% excluding treasuries).
Undeterred, Kim has reloaded. At the same ₩6,700/share Offer Price. Trading almost at terms. This Tender closes on the 2nd September. Do not tender. Hold off for a bump. 


Golfzon Holdings (121440 KS): More Egregiousness As SJ Investment Reloads