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

IJM (IJM MK): Sunway Snubs Anti-Graft Probe & Proceeds With Offer

IJM (IJM MK): Offer Doc Dispatched. Sunway Still To Vote On Terms

IJM (IJM MK): 26th March Sunway Vote. Independent Advice Still Pending

Quiddity Advisors

Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/sunway-bhd" target="_blank" data-smartkarma-citation="entities:11025:1" rel="noopener">Sunway Bhd (SWB MK)</a></strong> has tabled a voluntary RM11bn cash/scrip Offer for <strong><a href="https://www.smartkarma.com/entities/ijm-corp-bhd" target="_blank" data-smartkarma-citation="entities:16784:1" rel="noopener">IJM Corp Bhd (IJM MK)</a></strong>, in a move to combine two of Malaysia's largest construction and property plays.</li>
<li>The Jeffrey Cheah-backed Sunway is offering RM3.15/share, split 10% (RM0.315/share) in cash, and RM 2.8350 in new Sunway shares. The key condition is a 50% acceptance hurdle.</li>
<li>Pricing appears light - IJM traded higher in August 2024. Yet IJM's bottom line has stalled. Enhanced scale is attractive. A tie-in has been long-rumoured.</li>
</ul>



Sunway Bhd (SWB MK) has tabled a voluntary RM11bn cash/scrip Offer for IJM Corp Bhd (IJM MK), in a move to combine two of Malaysia's largest construction and property plays.
The Jeffrey Cheah-backed Sunway is offering RM3.15/share, split 10% (RM0.315/share) in cash, and RM 2.8350 in new Sunway shares. The key condition is a 50% acceptance hurdle.
Pricing appears light - IJM traded higher in August 2024. Yet IJM's bottom line has stalled. Enhanced scale is attractive. A tie-in has been long-rumoured.


IJM Corp (IJM MK): Sunway's Offer Is Light. But Scale Is Key

Ijm Corp Bhd

IJM Corp (IJM MK): Sunway's Offer Is Light. But Scale Is Key