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

IMAX China (1970 HK): Parent Privatisation

StubWorld: TCL's Possible Stake in ASM, Imax Is Not The Ticket, Out of Touch Intouch

StubWorld: Matheson Unloads JLT, Unwind Takara

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 13 July, <strong><a href="https://www.smartkarma.com/entities/imax-china-holding-inc" target="_blank" data-smartkarma-citation="entities:888:1" rel="noopener">IMAX China Holding (1970 HK)</a></strong> announced a take-private transaction from its parent <strong><a href="https://www.smartkarma.com/entities/imax-corp" target="_blank" data-smartkarma-citation="entities:5321:1" rel="noopener">IMAX Corp (IMAX US)</a></strong> at HK$10/share. Terms have been declared final.</li>
<li>The price is a 9.65% premium to last close but a 39.47% premium over the closing price on the last full trading day, suggesting apparent news leakage.</li>
<li>The Scheme Doc is out and independent shareholders get to vote on the transaction on the 10th October. This vote could - should - be close. Only for the brave.</li>
</ul>


Back on the 13 July, IMAX China Holding (1970 HK) announced a take-private transaction from its parent IMAX Corp (IMAX US) at HK$10/share. Terms have been declared final.
The price is a 9.65% premium to last close but a 39.47% premium over the closing price on the last full trading day, suggesting apparent news leakage.
The Scheme Doc is out and independent shareholders get to vote on the transaction on the 10th October. This vote could - should - be close. Only for the brave.


IMAX China (1970 HK)'s Offer: 10th Oct Shareholder Vote