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

Tam Jai (2217 HK): Toridoll (3397 JP)'s Excellent Offer

Tam Jai (2217 HK) Suspended: Expect Toridoll (3397 JP) To Make An Offer

Quiddity Advisors

Event-Driven

<ul>
<li>On the 17th Feb, a specialty restaurant-operator <a href="https://www.smartkarma.com/entities/tam-jai-international-co-ltd" target="_blank" data-smartkarma-citation="entities:34227:1" rel="noopener">Tam Jai (2217 HK)</a> announced an Offer, by way of a Scheme, from <a href="https://www.smartkarma.com/entities/toridoll-holdings-corporation" target="_blank" data-smartkarma-citation="entities:8193:1" rel="noopener">TORIDOLL (3397 JP)</a> at HK$1.58/share, a 75.56% premium to undisturbed.</li>
<li>This should get up; but really, given the recent <a href="https://www.smartkarma.com/entities/soundwill-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19318:1" rel="noopener">Soundwill Holdings (878 HK)</a> and <a href="https://www.smartkarma.com/entities/goldlion-holdings-ltd" target="_blank" data-smartkarma-citation="entities:12359:1" rel="noopener">Goldlion Holdings (533 HK)</a> failures, small, illiquid arbs are not the preferred haven for arb investors.</li>
<li>
The Scheme Doc is now <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0605/2025060502273.pdf" target="_blank" rel="noopener">out</a>, with a Court Meeting on the 30th June, and payment on or before the 26 August. The IFA (Lego Corporate) says "fair &amp; reasonable".</li>
</ul>


On the 17th Feb, a specialty restaurant-operator Tam Jai (2217 HK) announced an Offer, by way of a Scheme, from TORIDOLL (3397 JP) at HK$1.58/share, a 75.56% premium to undisturbed.
This should get up; but really, given the recent Soundwill Holdings (878 HK) and Goldlion Holdings (533 HK) failures, small, illiquid arbs are not the preferred haven for arb investors.

The Scheme Doc is now out, with a Court Meeting on the 30th June, and payment on or before the 26 August. The IFA (Lego Corporate) says "fair &amp; reasonable".


Tam Jai (2217 HK): Toridoll (3397 JP)'s Excellent Offer. Still.

Tam Jai International

Tam Jai (2217 HK): Toridoll (3397 JP)'s Excellent Offer. Still.