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

Vitalharvest (VTH AU): Macquarie Ups Its Offer

Vitalharvest (VTH AU): Roc Blinks, And Bumps

Vitalharvest (VTH AU): Bumpity Bumpity Berry Bidding

Quiddity Advisors

Event-Driven

Vitalharvest Freehold Trust / Event-Driven

<a href="https://www.smartkarma.com/entities/vitalharvest-freehold-trust" target="_blank" data-smartkarma-citation="entities:29120:1" rel="noopener">Vitalharvest Freehold Trust (VTH AU)</a>, owner of one of Australia's largest aggregations of citrus and berry farms, has <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02306235-3A554957?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">received</a> an all-cash cash Offer of $1.00/unit (27.4% premium to last close) from Macquarie Infrastructure and Real Assets (MIRA), by way of a Scheme.
Should the Scheme not be approved by unitholders, MIRA is offering to buy all of VTH's assets for A$300mn in cash, which requires a reduced shareholder approval threshold.
Both Offers are already fully funded, and do not require due diligence. FIRB approval has been received for both.
The headline Offer Price is in line with VTH's IPO price, which was listed on the <a href="https://www.spglobal.com/marketintelligence/en/news-insights/trending/uybfyhpjpjl_f8rbzs3ota2" target="_blank" rel="noopener">1 August 2018</a>. VTH has closed above $1.00 once since listing  - $1.01/share to be exact.
The outcome of MIRA's Offer hinges on <a href="https://www.smartkarma.com/entities/primewest-group-ltd" target="_blank" data-smartkarma-citation="entities:29103:1" rel="noopener">Primewest Group Ltd (PWG AU)</a>, currently holding 19.9% of units out. 
More below the fold.

Vitalharvest Freehold Trust (VTH AU), owner of one of Australia's largest aggregations of citrus and berry farms, has received an all-cash cash Offer of $1.00/unit (27.4% premium to last close) from Macquarie Infrastructure and Real Assets (MIRA), by way of a Scheme.
Should the Scheme not be approved by unitholders, MIRA is offering to buy all of VTH's assets for A$300mn in cash, which requires a reduced shareholder approval threshold.
Both Offers are already fully funded, and do not require due diligence. FIRB approval has been received for both.
The headline Offer Price is in line with VTH's IPO price, which was listed on the 1 August 2018. VTH has closed above $1.00 once since listing  - $1.01/share to be exact.
The outcome of MIRA's Offer hinges on Primewest Group Ltd (PWG AU), currently holding 19.9% of units out. 
More below the fold.

Vitalharvest (VTH AU): Macquarie Doesn't See A Lemon