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

Tian An Medicare (383 HK)'s Partial Offer Doc Now Out

Quiddity Advisors

Event-Driven

<ul>
<li>Hospital and nursing home operator <a href="https://www.smartkarma.com/entities/tian-an-medicare-limited" target="_blank" data-smartkarma-citation="entities:7181:1" rel="noopener">Tian An Medicare (383 HK)</a> has announced a small buyback, which could potentially lift <a href="https://www.smartkarma.com/entities/tian-an-china-investment" target="_blank" data-smartkarma-citation="entities:13665:1" rel="noopener">Tian An China Investment (28 HK)</a>'s stake to 55% from 51.47%.</li>
<li>The buyback is for 70mn shares or 6.48% of shares out, at HK$1.10/share, a 15.79% premium to last close. IF key shareholders do not tender, pro-ration could be &gt;95%. </li>
<li>The only condition is an ordinary resolution at an SGM, and no shareholder need abstain. Which means the vote is a formality. I'm surprised it even needs to take place. </li>
</ul>


Hospital and nursing home operator Tian An Medicare (383 HK) has announced a small buyback, which could potentially lift Tian An China Investment (28 HK)'s stake to 55% from 51.47%.
The buyback is for 70mn shares or 6.48% of shares out, at HK$1.10/share, a 15.79% premium to last close. IF key shareholders do not tender, pro-ration could be &gt;95%. 
The only condition is an ordinary resolution at an SGM, and no shareholder need abstain. Which means the vote is a formality. I'm surprised it even needs to take place. 


Tian An Medicare (383 HK): Small But Interesting Buyback