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

Shinsung Tongsang: A Second Try at Tender Offer and Privatization

Shinsung Tongsang (005390 KS)'s Cheeky Delisting Offer

Fast Retailing (9983) | Buying Opportunity Ahead of Q2 Results

Shinsung Tongsang: Tender Offer Fails and How to Take Away Customers From Uniqlo

Quiddity Advisors

Event-Driven

<ul>
<li>Back June last year, Yeom Tae-soon and family sought to take apparel manufacturer <strong><a href="https://www.smartkarma.com/entities/shinsung-tongsang-co-ltd" target="_blank" data-smartkarma-citation="entities:4107:1" rel="noopener">Shinsung Tongsang (005390 KS)</a></strong> private at ₩2,300, but fell short of the 95% delisting threshold.</li>
<li>The family have returned to the well with a more respectable ₩4,100/share Offer, a 35.8% premium to undisturbed, and optically, a fair price. The family and related parties hold 83.87%.</li>
<li>
<em>Should</em> the family fall short of the 95% threshold, again, they may seek delisting through a comprehensive stock exchange.</li>
</ul>


Back June last year, Yeom Tae-soon and family sought to take apparel manufacturer Shinsung Tongsang (005390 KS) private at ₩2,300, but fell short of the 95% delisting threshold.
The family have returned to the well with a more respectable ₩4,100/share Offer, a 35.8% premium to undisturbed, and optically, a fair price. The family and related parties hold 83.87%.

Should the family fall short of the 95% threshold, again, they may seek delisting through a comprehensive stock exchange.


Shinsung Tongsang (005390 KS): The Family Reloads At ₩4,100/Share