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

This Needs To Be Sorted: Great Eastern (GE SP)'s Protracted Suspension

Great Eastern (GE SP): Inching Towards Suspension

Quiddity Advisors

Event-Driven

<ul>
<li>The prior Offer for <a href="https://www.smartkarma.com/entities/great-eastern-holdings-ltd" target="_blank" data-smartkarma-citation="entities:13993:1" rel="noopener">Great Eastern Holdings (GE SP)</a> closed on the 12th July 2024, with OCBC holding 93.62%. Shares have been suspended ever since. Compulsory acquisition was not afforded.</li>
<li>To break the deadlock, I mused in <a href="https://www.smartkarma.com/insights/this-needs-to-be-sorted-great-eastern-ge-sp-s-protracted-suspension" target="_blank" data-smartkarma-citation="insights:179375" rel="noopener">This Needs To Be Sorted: Great Eastern (GE SP)'s Protracted Suspension</a>, that OCBC needed to come out with a improved Offer of ~S$30/share.</li>
<li>That has now unfolded. Minorities have the option of a S$30.15/share Exit Offer; or voting for the resumption of trading, which will be possible via the issuance of bonus shares.</li>
</ul>


The prior Offer for Great Eastern Holdings (GE SP) closed on the 12th July 2024, with OCBC holding 93.62%. Shares have been suspended ever since. Compulsory acquisition was not afforded.
To break the deadlock, I mused in This Needs To Be Sorted: Great Eastern (GE SP)'s Protracted Suspension, that OCBC needed to come out with a improved Offer of ~S$30/share.
That has now unfolded. Minorities have the option of a S$30.15/share Exit Offer; or voting for the resumption of trading, which will be possible via the issuance of bonus shares.


Great Eastern (GE SP): OCBC Bumps Terms - $30.15/Share Exit Offer