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

Zeekr (ZK US): Minorities Have Limited Options Amid Geely's Low-Balled Offer

ZEEKR (ZK US): Geely Firms Low-Balled Offer. It Is What It Is

Quiddity Advisors

Event-Driven

<ul>
<li>On the 15th July, <strong><a href="https://www.smartkarma.com/entities/geely-automobile-holdings-ltd" target="_blank" data-smartkarma-citation="entities:127:1" rel="noopener">Geely Auto (175 HK)</a></strong>, China’s second-largest carmaker, firmed a cash or scrip Offer for 62.8%-held <strong><a href="https://www.smartkarma.com/entities/zeekr-intelligent-technology-holding" target="_blank" data-smartkarma-citation="entities:36785:1" rel="noopener">ZEEKR (ZK US)</a></strong>, a premium Chinese electric vehicle manufacturer</li>
<li>ZEEKR has traded through the cash terms US$26.87/ADS from the onset; but at a discount to the scrip terms. The scrip spread has widened recently. </li>
<li>The Offer is low-balled. However, Geely's stake plus Li Shufu (founder)'s 10.61% holdings push the Offer through. Geely's EGM is this Friday (7th July). Li (41.34%) is required to abstain. </li>
</ul>


On the 15th July, Geely Auto (175 HK), China’s second-largest carmaker, firmed a cash or scrip Offer for 62.8%-held ZEEKR (ZK US), a premium Chinese electric vehicle manufacturer
ZEEKR has traded through the cash terms US$26.87/ADS from the onset; but at a discount to the scrip terms. The scrip spread has widened recently. 
The Offer is low-balled. However, Geely's stake plus Li Shufu (founder)'s 10.61% holdings push the Offer through. Geely's EGM is this Friday (7th July). Li (41.34%) is required to abstain. 


Contemporary Amperex Technology (CATL) (300750 CH)

ZEEKR (ZK US): Widening Scrip Spread Ahead Of Geely EGM Vote