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

Tianneng (819 HK): EV Battery Play Seeks Swiss Listing

Tianneng (819 HK): Battery Spin-Off And The Tesla Effect

Quiddity Advisors

Event-Driven

Tianneng Power International / Event-Driven

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<p>After first <a href="http://www3.hkexnews.hk/listedco/listconews/SEHK/2018/1109/LTN201811091011.pdf" target="_blank" rel="noopener">announcing</a> the possible spin-off and separate listing of Tianneng Battery Group ("TBG") on the 9 November 2018, <a href="https://www.smartkarma.com/entities/tianneng-power-intl-ltd" target="_blank" data-smartkarma-citation="entities:18978:1" rel="noopener">Tianneng Power Intl (819 HK)</a> ("TPI") announced on the 15 December that the proposed A-share listing on the Star Board had been <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1215/2020121501202.pdf" target="_blank" rel="noopener">approved</a> by the CSRC.</p>
<p>An Offer Price of RMB41.79/share has now been <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0103/2021010300069.pdf" target="_blank" rel="noopener">announced</a>. That is 36% higher than the Indicative Offer Price of RMB30.65 flagged in the <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0624/ltn201906241058.pdf" target="_blank" rel="noopener">June 2019 prospectus</a>. Listing is expected to take place between mid-late Jan, according to my conversation with TPI's IR. </p>
<p>TPI is up 204% in the past year and 35% since the CSRC approval. Today's relatively lacklustre share price response to TBG's pricing would indicate TPI's pricing is full. </p>
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<p>More below the fold.</p>
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After first announcing the possible spin-off and separate listing of Tianneng Battery Group ("TBG") on the 9 November 2018, Tianneng Power Intl (819 HK) ("TPI") announced on the 15 December that the proposed A-share listing on the Star Board had been approved by the CSRC.
An Offer Price of RMB41.79/share has now been announced. That is 36% higher than the Indicative Offer Price of RMB30.65 flagged in the June 2019 prospectus. Listing is expected to take place between mid-late Jan, according to my conversation with TPI's IR. 
TPI is up 204% in the past year and 35% since the CSRC approval. Today's relatively lacklustre share price response to TBG's pricing would indicate TPI's pricing is full. 


More below the fold.


Zhejiang Narada Power Source Co, Ltd. (300068 CH)

Shenzhen Center Power Tech Co (002733 CH)

Tianneng (819 HK): Star Market Battery Spin-Off Priced