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

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

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

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

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 12th January, <strong><a href="https://www.smartkarma.com/entities/sunway-bhd" target="_blank" data-smartkarma-citation="entities:11025:1" rel="noopener">Sunway (SWB MK)</a></strong> tabled a voluntary RM3.15 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 (IJM MK)</a></strong>, a so-so 14.55% premium to undisturbed. But scale is key here.</li>
<li>Around the 20th January, rumours surfaced of a RM2.5bn money laundering probe into IJM. IJM subsequently confirmed it had met with the MACC, Malaysia’s anti-graft body. Shares declined ~11%. </li>
<li>Sunway has now reiterated it intends to proceed with the Offer. IJM is up ~6%, but still 19% adrift of terms. Perhaps one deal to watch from the spectators' gallery. </li>
</ul>


Back on the 12th January, Sunway (SWB MK) tabled a voluntary RM3.15 cash/scrip Offer for IJM Corp (IJM MK), a so-so 14.55% premium to undisturbed. But scale is key here.
Around the 20th January, rumours surfaced of a RM2.5bn money laundering probe into IJM. IJM subsequently confirmed it had met with the MACC, Malaysia’s anti-graft body. Shares declined ~11%. 
Sunway has now reiterated it intends to proceed with the Offer. IJM is up ~6%, but still 19% adrift of terms. Perhaps one deal to watch from the spectators' gallery. 


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

Ijm Corp Bhd

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