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

STAN - Window on HK Worsening, but Also Group Grade 12 Loans up 78% YoY

Meilan Airport (357 HK)'s Special Deal And Tardy MGO

Hainan Meilan's (357 HK)'s Arbitration Case Is Not Without Merit

Meilan Airport (357 HK): Positive on The Only China Airport Trading Below Book Value

Meilan Airport (357 HK): Higher Visibility into Earnings Recovery Outlook

Quiddity Advisors

Event-Driven

Hainan Meilan International Airport / Event-Driven

Hainan Meilan International Airport (357 HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hainan-meilan-international-airport-company-limited" target="_blank" data-smartkarma-citation="entities:12545:1" rel="noopener">Hainan Meilan International Airport (357 HK)</a> has <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0430/2025043004181.pdf" target="_blank" rel="noopener">announced</a> a potential change of control, via the domestic shares. </li>
<li>Haikou Meilan's major shareholder, Hainan Airport Industrial, has entered into a SPA with <a href="https://www.smartkarma.com/entities/hainan-island-construction-co-ltd" target="_blank" data-smartkarma-citation="entities:1233:1" rel="noopener">Hainan Island (600515 CH)</a> to sell its 50.19% stake, the completion of which triggers an unconditional MGO.</li>
<li>
The H-share Offer price will be HK$10.62/share. That's not compelling;  but it's not meant to be as Hainan Airport Industrial and Hainan Island Construction are ultimately controlled by Hainan SASAC. </li>
</ul>



Hainan Meilan International Airport (357 HK) has announced a potential change of control, via the domestic shares. 
Haikou Meilan's major shareholder, Hainan Airport Industrial, has entered into a SPA with Hainan Island (600515 CH) to sell its 50.19% stake, the completion of which triggers an unconditional MGO.

The H-share Offer price will be HK$10.62/share. That's not compelling;  but it's not meant to be as Hainan Airport Industrial and Hainan Island Construction are ultimately controlled by Hainan SASAC. 


Hainan Airport Infrastructure (600515 CH)

Hainan Meilan Intl Airport (357 HK): Hainan SASAC's Left/Right Pocket MGO