Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

7&I (3382) Possibility of YUUUUUGE Buyback?

7&I (3382) - A Starting Point for the Standalone Plan - The Good, The Bad, The Ugly

Seven & I Holdings: Mega Share Buyback Plan and IPO of North American CVS Unit to Boost Share Price

Seven & I Restructures but Discontent Rises Among Franchisees and Customers

7&I (3382) - Bain Gets York Holdings with a Surprising Price, And We Approach Deal Deadlines

7&I (3382) - In Limbo, Dipping, But Stories Coming Together

China A-Share Consumer Staples: An Analysis of the Opportunities Ahead

Quiddity Advisors

Event-Driven

<ul>
<li>The MBO is off. <a href="https://www.smartkarma.com/entities/itochu-corp" target="_blank" data-smartkarma-citation="entities:18448:1" rel="noopener">Itochu Corp (8001 JP)</a> has apparently not been able to agree with Ito-san on board composition/representation and management control. That the MBO is off isn't surprising.</li>
<li>7&amp;i says they "continue to engage constructively with ACT and alternate proposals but news articles suggest that almost 6mos after proposing an NDA, ACT still haven't had access to financials.</li>
<li>The shares are off hard today to a level below where ACT's first bid was considered "not even worth discussing". There will be questions at the AGM and before.</li>
</ul>


The MBO is off. Itochu Corp (8001 JP) has apparently not been able to agree with Ito-san on board composition/representation and management control. That the MBO is off isn't surprising.
7&amp;i says they "continue to engage constructively with ACT and alternate proposals but news articles suggest that almost 6mos after proposing an NDA, ACT still haven't had access to financials.
The shares are off hard today to a level below where ACT's first bid was considered "not even worth discussing". There will be questions at the AGM and before.


7&I (3382) - MBO Off, SC "Engaging Constructively with ACT", Skepticism Higher, Questions And More