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 26 years of covering Asia Pacific equities, the past 20 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

Public Financial (626 HK): HK$2.50/Share Will Get This Offer Over The Line

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/public-financial-holdings-limited" target="_blank" data-smartkarma-citation="entities:9760:1" rel="noopener">Public Financial (626 HK)</a> is suspended pursuant to Hong Kong Code on Takeovers and Mergers. Expect a Scheme Offer from <a href="https://www.smartkarma.com/entities/public-bank-berhad" target="_blank" data-smartkarma-citation="entities:583:1" rel="noopener">Public Bank (PBK MK)</a>, holding 73.23%.</li>
<li>Public Bank could offer, say $2.50/share, a 60% premium, which still backs out a low trailing P/B of 0.35x. It may well go higher to factor in the headcount test.</li>
<li>Public Financial is super-illiquid. Look away now if this is not your thing.</li>
</ul>



Public Financial (626 HK) is suspended pursuant to Hong Kong Code on Takeovers and Mergers. Expect a Scheme Offer from Public Bank (PBK MK), holding 73.23%.
Public Bank could offer, say $2.50/share, a 60% premium, which still backs out a low trailing P/B of 0.35x. It may well go higher to factor in the headcount test.
Public Financial is super-illiquid. Look away now if this is not your thing.


Public Financial (626 HK) Halted: Public Bank (PBK MK) Takeover Expected