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

Tokyo Kikai Seisakusho (6335) - Shareholders Approve Poison Pill

TOPIX Inclusion: Bull-Dog Sauce (2804) Is SUPER GREEN

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/daifuku-co-ltd" target="_blank" data-smartkarma-citation="entities:10408:1" rel="noopener">Daifuku Co Ltd (6383 JP)</a> today (4 Feb) announced it would take out TSE-2 industrial computing/IoT subsidiary <a href="https://www.smartkarma.com/entities/contec-co-ltd" target="_blank" data-smartkarma-citation="entities:16711:1" rel="noopener">Contec Co Ltd (6639 JP)</a> in a tender offer at 55% premium.</li>
<li>That looks nice, and should have been expected at some point. But it is only half-generous.</li>
<li>The shareholder structure tells you how this is likely to end up.</li>
</ul>



Daifuku Co Ltd (6383 JP) today (4 Feb) announced it would take out TSE-2 industrial computing/IoT subsidiary Contec Co Ltd (6639 JP) in a tender offer at 55% premium.
That looks nice, and should have been expected at some point. But it is only half-generous.
The shareholder structure tells you how this is likely to end up.


Daifuku (6383) To Take Out Minorities in Subsidiary Contec (6639)