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

<ul>
<li>This "rescue package" announcement late last month came as no surprise, as the alternative situation (liquidation/bankruptcy) for <strong><a href="https://www.smartkarma.com/entities/new-world-development" target="_blank" data-smartkarma-citation="entities:7037:1" rel="noopener">New World Development (17 HK)</a></strong>, and the ensuing optics were not great.</li>
<li>Media reports are now coming in that NWD is reportedly seeking to sell - or accelerate the sale - of its real estate projects in China. </li>
<li>That makes sense. The refinancing afforded NWD <em>some</em> breathing space. However, to strengthen/bolster its balance sheet, NWD needs to offload assets. Yet pinning down a "fair" valuation will take time. </li>
</ul>


This "rescue package" announcement late last month came as no surprise, as the alternative situation (liquidation/bankruptcy) for New World Development (17 HK), and the ensuing optics were not great.
Media reports are now coming in that NWD is reportedly seeking to sell - or accelerate the sale - of its real estate projects in China. 
That makes sense. The refinancing afforded NWD some breathing space. However, to strengthen/bolster its balance sheet, NWD needs to offload assets. Yet pinning down a "fair" valuation will take time. 


NWD (17 HK): The Strings Attached To Latest Debt Financing