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

Sunway Greenlights IJM (Of Course). Tendering Closes On The 6th April

IJM (IJM MK): Limited Downside As Sunway's Offer Lapses

IJM (IJM MK): Offer Doc Dispatched. Sunway Still To Vote On Terms

IJM (IJM MK): 26th March Sunway Vote. Independent Advice Still Pending

IJM (IJM MK): Sunway Snubs Anti-Graft Probe & Proceeds With Offer

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 12th January 2026, <a href="https://www.smartkarma.com/entities/sunway-bhd" target="_blank" data-smartkarma-citation="entities:11025:1" rel="noopener">Sunway Bhd (SWB MK)</a> tabled a voluntary RM3.15 cash/scrip Offer for <a href="https://www.smartkarma.com/entities/ijm-corp-bhd" target="_blank" data-smartkarma-citation="entities:16784:1" rel="noopener">Ijm Corp Bhd (IJM MK)</a>, a so-so 14.55% premium to undisturbed.</li>
<li>The independent advisor concluded terms were not fair and not reasonable with a punchy RM5.84-RM6.48/share fair value range.  State-owned fund manager PNB (13.3% shareholder) concurred and announced it won't tender. </li>
<li>IJM is down 16% since reports emerged of an alleged money laundering Scheme. IJM denies any wrongdoing. The IA flagged MACC's investigation could affect IJM's pricing. You think? </li>
</ul>


Back on the 12th January 2026, Sunway Bhd (SWB MK) tabled a voluntary RM3.15 cash/scrip Offer for Ijm Corp Bhd (IJM MK), a so-so 14.55% premium to undisturbed.
The independent advisor concluded terms were not fair and not reasonable with a punchy RM5.84-RM6.48/share fair value range.  State-owned fund manager PNB (13.3% shareholder) concurred and announced it won't tender. 
IJM is down 16% since reports emerged of an alleged money laundering Scheme. IJM denies any wrongdoing. The IA flagged MACC's investigation could affect IJM's pricing. You think? 


IJM（IJM MK）：マレーシア汚職防止委員会（MACC）の調査にもかかわらず、IAとPNBはサンウェイの提案を拒否