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

PEC Ltd. (PEC SP): Privatisation Offer From Liberty Group

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 17th Feb, <a href="https://www.smartkarma.com/entities/pec-ltd" target="_blank" data-smartkarma-citation="entities:19415:1" rel="noopener">PEC Ltd. (PEC SP)</a>, a plant and terminal engineering specialist, announced an Offer from Allied Energy Services, an engineering entity under the Liberty Group.</li>
<li>Liberty offered S$0.84/share (not final), including a AS$0.20/share special dividend, a 12.8% premium to undisturbed; but more like a &gt;35% premium. Irrevocables from the board of 63.38% had been secured.</li>
<li>
The Scheme Doc is now <a href="https://links.sgx.com/FileOpen/PEC%20-%20Scheme%20Document.ashx?App=Announcement&amp;FileID=841439" target="_blank" rel="noopener">out</a>, with an EGM on the 5th May, with payment on or before the 20th June. The IFA (Deloitte) says "fair &amp; reasonable".</li>
</ul>


Back on the 17th Feb, PEC Ltd. (PEC SP), a plant and terminal engineering specialist, announced an Offer from Allied Energy Services, an engineering entity under the Liberty Group.
Liberty offered S$0.84/share (not final), including a AS$0.20/share special dividend, a 12.8% premium to undisturbed; but more like a &gt;35% premium. Irrevocables from the board of 63.38% had been secured.

The Scheme Doc is now out, with an EGM on the 5th May, with payment on or before the 20th June. The IFA (Deloitte) says "fair &amp; reasonable".


PEC Ltd. (PEC SP): 5th May Vote On Liberty's Offer