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

Quiddity Advisors

Event-Driven

This afternoon, subject to the waiver or fulfillment of pre-conditions,  <a href="https://www.smartkarma.com/entities/11410" target="_blank" data-smartkarma-citation="entities:11410:1">Brc Asia Ltd (BRC SP)</a> announced it <a href="http://infopub.sgx.com/FileOpen/Preconditional_offer_announcement.ashx?App=Announcement&amp;FileID=489632" target="_blank">will make</a> a voluntary conditional offer of S$0.42/share for <a href="https://www.smartkarma.com/entities/12162" target="_blank" data-smartkarma-citation="entities:12162:1">Lee Metal Group Ltd (LEE SP)</a>, a distributor and fabricator of steel products. Lee Metals last closed at S$0.41. The VGO carries a minimum acceptance condition of 50% and irrevocables totaling 48.06% have been received.A quick walk through this relatively simple deal below the line.Before reading on, Lee Metal has a market cap of US$147mn and trades (using a 3-mth average) US$0.2mn/day.

This afternoon, subject to the waiver or fulfillment of pre-conditions,  Brc Asia Ltd (BRC SP) announced it will make a voluntary conditional offer of S$0.42/share for Lee Metal Group Ltd (LEE SP), a distributor and fabricator of steel products. Lee Metals last closed at S$0.41. The VGO carries a minimum acceptance condition of 50% and irrevocables totaling 48.06% have been received.A quick walk through this relatively simple deal below the line.Before reading on, Lee Metal has a market cap of US$147mn and trades (using a 3-mth average) US$0.2mn/day.

Lee Metal

Lee Metal: Priced to Steel