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

Star Entertainment: Imminent Fund Raising?

Quiddity Advisors

Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/star-entertainment-group-ltd" target="_blank" data-smartkarma-citation="entities:926:1" rel="noopener">Star Entertainment Group (SGR AU)</a></strong>'s announced it intends to raise $800mn after reporting a statutory $1.26bn 1H23 loss.</li>
<li>This equity raising will be broken down into a A$685mn non-renounceable entitlement Offer and a A$115mn institutional placement. The equity raising is fully underwritten. </li>
<li>Star also announced it has secured covenant relief through to June 2025. Star's immediate focus is to get its house in order and prove its suitability to hold casino licences. </li>
</ul>



Star Entertainment Group (SGR AU)'s announced it intends to raise $800mn after reporting a statutory $1.26bn 1H23 loss.
This equity raising will be broken down into a A$685mn non-renounceable entitlement Offer and a A$115mn institutional placement. The equity raising is fully underwritten. 
Star also announced it has secured covenant relief through to June 2025. Star's immediate focus is to get its house in order and prove its suitability to hold casino licences. 


Star Entertainment Group

Star Entertainment's A$800mn Buffer