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

Weiqiao Textile (2698 HK): 8th March Vote. Payment Late March

Texwinca (321 HK): Even Cheaper Than Pacific Textiles (1382 HK)

Weiqiao Textile (2698 HK)’s Pre-Conditional Merger By Absorption

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 4th December, <strong><a href="https://www.smartkarma.com/entities/weiqiao-textile-co" target="_blank" data-smartkarma-citation="entities:3690:1" rel="noopener">Weiqiao Textile Co (2698 HK)</a> </strong><a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1204/2023120402335.pdf" target="_blank" rel="noopener">announced</a> a pre-conditional privatisation at HK$3.50 per H-share, a chunky 104.68% premium to last close and around a six-year high</li>
<li>Pre-Conditions - regulatory approval from NDRC, MoC and SAFE - have now been <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0117/2024011700598.pdf" target="_blank" rel="noopener">fulfilled</a>. The Composite Doc is expected to be dispatched on or before the 24 January. </li>
<li>This Offer is a Merger by Absorption incorporating a Scheme-like vote. There is no tendering condition. Prudence Investment Management, which has now built a<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0116/2024011600213.pdf" target="_blank" rel="noopener"> 9.79% stake</a>, will be supportive.</li>
</ul>


Back on the 4th December, Weiqiao Textile Co (2698 HK) announced a pre-conditional privatisation at HK$3.50 per H-share, a chunky 104.68% premium to last close and around a six-year high
Pre-Conditions - regulatory approval from NDRC, MoC and SAFE - have now been fulfilled. The Composite Doc is expected to be dispatched on or before the 24 January. 
This Offer is a Merger by Absorption incorporating a Scheme-like vote. There is no tendering condition. Prudence Investment Management, which has now built a 9.79% stake, will be supportive.


Weiqiao Textile (2698 HK): Pre-Cons Done. Payment (Perhaps) Late March