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

IJM (IJM MK): Limited Downside As Sunway's Offer Lapses

IJM (IJM MK): 26th March Sunway Vote. Independent Advice Still Pending

IJM (IJM MK): The IA & PNB Reject Sunway's Offer Despite MACC Probe

Quiddity Advisors

Event-Driven

<ul>
<li>Yesterday (26th March), <a href="https://www.smartkarma.com/entities/sunway-bhd" target="_blank" data-smartkarma-citation="entities:11025:1" rel="noopener">Sunway (SWB MK)</a> shareholders approved (99.27% FOR) the Offer for <a href="https://www.smartkarma.com/entities/ijm-corp-bhd" target="_blank" data-smartkarma-citation="entities:16784:1" rel="noopener">Ijm (IJM MK)</a>. This was a simple majority (50%) vote, or ordinary resolution. Jeffrey Cheah holds 60.5%.</li>
<li>
What now? The Offer is conditional on  a 50% acceptance hurdle and 13.7% of shares out - up until the 26th March - have tendered. </li>
<li>The 6th April is labelled the "First Closing Date"; but effectively the last day for the Offer to turn unconditional. At a ~24% gross spread, this could/should still get up. </li>
</ul>


Yesterday (26th March), Sunway (SWB MK) shareholders approved (99.27% FOR) the Offer for Ijm (IJM MK). This was a simple majority (50%) vote, or ordinary resolution. Jeffrey Cheah holds 60.5%.

What now? The Offer is conditional on  a 50% acceptance hurdle and 13.7% of shares out - up until the 26th March - have tendered. 
The 6th April is labelled the "First Closing Date"; but effectively the last day for the Offer to turn unconditional. At a ~24% gross spread, this could/should still get up. 


Sunway Greenlights IJM (Of Course). Tendering Closes On The 6th April

Ijm Corp Bhd

Sunway Greenlights IJM (Of Course). Tendering Closes On The 6th April