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

Quiddity Advisors

Event-Driven

Coking coal miner and producer <a href="https://www.smartkarma.com/entities/shougang-fushan-resources-group-ltd" target="_blank" data-smartkarma-citation="entities:19494:1" rel="noopener">Shougang Fushan Resources (639 HK)</a> (SFR) is currently <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0714/2020071400319.pdf" target="_blank" rel="noopener">suspended</a> pursuant to the Rules Governing the Listing of Securities on the Stock Exchange and the Codes on Takeovers and Mergers and Share Buybacks of Hong Kong. 
Shares popped 15.09% yesterday on the highest volume in two years, evidently on some news leakage. 
SFR is 29.85% held by SOE-Shougang Group and 29.04% by Funde Sino Life. As a HK-incorporated company, no headcount test is required in a privatisation Offer by way of Scheme.
This insight provides a brief overview of SFR's operations, and what may be considered a fair value for the company in a takeover situation.

Coking coal miner and producer Shougang Fushan Resources (639 HK) (SFR) is currently suspended pursuant to the Rules Governing the Listing of Securities on the Stock Exchange and the Codes on Takeovers and Mergers and Share Buybacks of Hong Kong. 
Shares popped 15.09% yesterday on the highest volume in two years, evidently on some news leakage. 
SFR is 29.85% held by SOE-Shougang Group and 29.04% by Funde Sino Life. As a HK-incorporated company, no headcount test is required in a privatisation Offer by way of Scheme.
This insight provides a brief overview of SFR's operations, and what may be considered a fair value for the company in a takeover situation.

Shougang Fushan Resources

Shougang Fushan (639 HK): All Fired Up