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

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

Quiddity Advisors

Event-Driven

<ul>
<li>After OCBC bumped terms for <strong><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></strong> to $30.15/share via an Exit Offer, I wasn't confident a 17.8% bump would dislodge Palliser. That appears the case.</li>
<li>At today's EGM, <a href="https://links.sgx.com/FileOpen/SGX%20Announcement%20-%20Results%20of%20EGM.ashx?App=Announcement&amp;FileID=851252" target="_blank" rel="noopener">63.49% of minority shareholders</a>  - OCBC abstained - were in favour on the Offer, falling short of the 75% condition. There was no blocking % condition. </li>
<li>Shareholders voted for the resumption of shares via the issuance of shares (one-for-one bonus), satisfying the SGX free float requirement.  The SGX, and dissenters, will be happy with the outcome. </li>
</ul>


After OCBC bumped terms for Great Eastern Holdings (GE SP) to $30.15/share via an Exit Offer, I wasn't confident a 17.8% bump would dislodge Palliser. That appears the case.
At today's EGM, 63.49% of minority shareholders  - OCBC abstained - were in favour on the Offer, falling short of the 75% condition. There was no blocking % condition. 
Shareholders voted for the resumption of shares via the issuance of shares (one-for-one bonus), satisfying the SGX free float requirement.  The SGX, and dissenters, will be happy with the outcome. 


Great Eastern (GE SP): SGX The Winner As Shareholders Block Exit Offer