Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Mubadala bought 20.8% of <a href="https://www.smartkarma.com/entities/cosmo-energy-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:26565:1" rel="noopener">Cosmo Energy Holdings (5021 JP)</a> in 2007 at ¥5,068/share (split-adjusted). A few months later it dipped below that and hasn't seen that price since. </li>
<li>The sovereign wealth fund sold 5% last year at ¥2,610, and just 7 months later is bailing on the other 15.7% at a 12-17% discount. </li>
<li>Result? Float will rise. Index funds will buy a bit, and active foreign institutional investors will nearly double their holdings.</li>
</ul>


Mubadala bought 20.8% of Cosmo Energy Holdings (5021 JP) in 2007 at ¥5,068/share (split-adjusted). A few months later it dipped below that and hasn't seen that price since. 
The sovereign wealth fund sold 5% last year at ¥2,610, and just 7 months later is bailing on the other 15.7% at a 12-17% discount. 
Result? Float will rise. Index funds will buy a bit, and active foreign institutional investors will nearly double their holdings.


Cosmo Oil (5021 JP) Accelerated Block Offering - Big Discount But... 👀