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

Jilin Jiutai Bank (6122 HK): Take The Offer. It Is What It Is

Jilin Jiutai Bank (6122 HK): Now Is The Time To Be Delisted

Jilin Jiutai Rural Comm Bank IPO: Valuation Unsupported By Fundamentals

Quiddity Advisors

Event-Driven

Jilin Jiutai Rural Comm Bank / Event-Driven

<ul>
<li>After <a href="https://www.smartkarma.com/entities/jilin-jiutai-rural-comm-bank" target="_blank" data-smartkarma-citation="entities:23735:1" rel="noopener">Jilin Jiutai Bank (6122 HK)</a> was suspended, again, I mused in<a href="https://skr.ma/3ANmU" target="_blank" rel="noopener"> Jilin Jiutai Bank (6122 HK): Now Is The Time To Be Delisted</a> an expected Offer from Jilin Province Trust.</li>
<li>Jilin Province has now made a voluntary Offer at HK$0.70/share (~0.2x P/B!), below my HK$0.80/share estimate. Apart from a Scheme-like vote, this Offer has an onerous 90% acceptance condition. </li>
<li>And IF the Offer fails and IF Jilin Jiutai cannot resume trading, in accordance with Rule 6.01A(2)(b) of the Listing Rules, Jilin Jiutai may be delisted.</li>
</ul>


After Jilin Jiutai Bank (6122 HK) was suspended, again, I mused in Jilin Jiutai Bank (6122 HK): Now Is The Time To Be Delisted an expected Offer from Jilin Province Trust.
Jilin Province has now made a voluntary Offer at HK$0.70/share (~0.2x P/B!), below my HK$0.80/share estimate. Apart from a Scheme-like vote, this Offer has an onerous 90% acceptance condition. 
And IF the Offer fails and IF Jilin Jiutai cannot resume trading, in accordance with Rule 6.01A(2)(b) of the Listing Rules, Jilin Jiutai may be delisted.


Jilin Jiutai Bank (6122 HK): Another Hobson's Choice