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

Poly Culture (3636 HK): Trading Wide To Terms. Get Involved.

Poly Culture (3636 HK)’s Pre-Conditional Merger By Absorption

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 23 June, SOE-backed Poly Group tabled an HK$8.88 bid per <strong><a href="https://www.smartkarma.com/entities/poly-culture-group-corp-h" target="_blank" data-smartkarma-citation="entities:4729:1" rel="noopener">Poly Culture Group (3636 HK)</a></strong> H Share and RMB8.17386240 per Domestic Share. Terms were declared final.</li>
<li>This Merger by Absorption Offer incorporates a Scheme-like vote. There is no tendering condition. The premium to last close is 77.6%; and a 112.5% premium to the five-day closing average.</li>
<li>The Composite Doc is out. Independent H-shareholders get to vote on the transaction on the 3rd of November. Payment is expected on or before the 23 November. I'd get involved. </li>
</ul>


Back on the 23 June, SOE-backed Poly Group tabled an HK$8.88 bid per Poly Culture Group (3636 HK) H Share and RMB8.17386240 per Domestic Share. Terms were declared final.
This Merger by Absorption Offer incorporates a Scheme-like vote. There is no tendering condition. The premium to last close is 77.6%; and a 112.5% premium to the five-day closing average.
The Composite Doc is out. Independent H-shareholders get to vote on the transaction on the 3rd of November. Payment is expected on or before the 23 November. I'd get involved. 


Poly Culture (3636 HK)'s Offer: 3rd Nov Shareholder Vote. Still Get Involved

Poly Culture Group Corp H

Poly Culture (3636 HK)'s Offer: 3rd Nov Shareholder Vote. Still Get Involved