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

Sunway Greenlights IJM (Of Course). Tendering Closes On The 6th April

IJM (IJM MK): The IA & PNB Reject Sunway's Offer Despite MACC Probe

Quiddity Advisors

Event-Driven

<ul>
<li>
33.43%. That's the only number that matters as <a href="https://www.smartkarma.com/entities/sunway-bhd" target="_blank" data-smartkarma-citation="entities:11025:1" rel="noopener">Sunway Bhd (SWB MK)</a>'s conditional Offer for <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> lapsed on the last closing day.</li>
<li>My initial optimism that this transaction could get up was misplaced after EPF (20.52% stakeholder)) followed in PNB (13.3%)'s footsteps and rejected terms last week</li>
<li>Now what? The deal failure was well telegraphed. Comps/KLCI are down 6%/1% since the Offer was announced versus 14% for IJM. The MACC probe did, however, no favours.</li>
</ul>



33.43%. That's the only number that matters as Sunway Bhd (SWB MK)'s conditional Offer for IJM Corp Bhd (IJM MK) lapsed on the last closing day.
My initial optimism that this transaction could get up was misplaced after EPF (20.52% stakeholder)) followed in PNB (13.3%)'s footsteps and rejected terms last week
Now what? The deal failure was well telegraphed. Comps/KLCI are down 6%/1% since the Offer was announced versus 14% for IJM. The MACC probe did, however, no favours.


IJM (IJM MK): Limited Downside As Sunway's Offer Lapses

Ijm Corp Bhd

IJM (IJM MK): Limited Downside As Sunway's Offer Lapses