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

On Swire (19 HK)'s 2026 Interim Results. Still Inexpensive

Swire Pac (19 HK) Further Trims Cathay Exposure

Swire (19 HK): On The FY25 Results, Swire Props' HK Writedowns, & Cathay Placement

Quiddity Advisors

Event-Driven

<ul>
<li>Via an accelerated exchange, <strong><a href="https://www.smartkarma.com/entities/swire-pacific-limited-class-a" target="_blank" data-smartkarma-citation="entities:10433:1" rel="noopener">Swire Pacific (19 HK)</a></strong> is soliciting tenders from its 2027 exchangeable bond holders and, in parallel, placing <strong><a href="https://www.smartkarma.com/entities/cathay-pacific-airways-limited" target="_blank" data-smartkarma-citation="entities:243:1" rel="noopener">Cathay (293 HK)</a></strong> shares to fund the bond repurchase.</li>
<li>Preceding my comments on Swire, are the current setup/unwind tables for Asia-Pacific Holdcos.</li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>


Via an accelerated exchange, Swire Pacific (19 HK) is soliciting tenders from its 2027 exchangeable bond holders and, in parallel, placing Cathay (293 HK) shares to fund the bond repurchase.
Preceding my comments on Swire, are the current setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


StubWorld: Swire Accelerates Cathay Exchange. "As" At Multi-Decade Premium To "Bs"