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

Shengjing Bank (2066 HK): 21st Oct Vote On Bailout

Shengjing Bank (2066 HK): Dire Straits, Dire Offer Price

Chinese RCBs: Two Bailouts. How Many More At Risk?

Shengjing Bank (2066 HK): Another Rural Commercial Bank Delisting

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 26th August, troubled rural commercial bank <strong><a href="https://www.smartkarma.com/entities/shengjing-bank-co-ltd-h" target="_blank" data-smartkarma-citation="entities:96:1" rel="noopener">Shengjing Bank Co Ltd (2066 HK)</a></strong> announced a HK$1.32/Share Offer, a 15.79% premium to undisturbed, and a 86.49% discount to NAV. </li>
<li>Clearly not all is well with Shengjing Bank. And alternatives to the low-balled Offer are slim on the ground. </li>
<li>The Offeror has now bumped terms to HK$1.60 (best &amp; final). That's a 40.5% premium to undisturbed, but still a 83.96% discount to NAV. </li>
</ul>


Back on the 26th August, troubled rural commercial bank Shengjing Bank Co Ltd (2066 HK) announced a HK$1.32/Share Offer, a 15.79% premium to undisturbed, and a 86.49% discount to NAV. 
Clearly not all is well with Shengjing Bank. And alternatives to the low-balled Offer are slim on the ground. 
The Offeror has now bumped terms to HK$1.60 (best &amp; final). That's a 40.5% premium to undisturbed, but still a 83.96% discount to NAV. 


Shengjing Bank (2066 HK): Offer "Bumped" To A ~84% Disc To NAV From 86.49%

Shengjing Bank Co Ltd H

Shengjing Bank (2066 HK): Offer "Bumped" To A ~84% Disc To NAV From 86.49%