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

Fancl (4921) TOB - Kirin (2503) Does the Inevitable and Takes Out Minorities. Lightish But...

Quiddity Advisors

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/kirin-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:16977:1" rel="noopener">Kirin Holdings (2503 JP)</a> Tender Offer to buy out minorities in <a href="https://www.smartkarma.com/entities/fancl-corp" target="_blank" data-smartkarma-citation="entities:15862:1" rel="noopener">Fancl Corp (4921 JP)</a> closes today. Or at least the current one does. </li>
<li>The original deal announced was light, and the stock has traded above terms since the announcement, with one fund buying up to 7.94%.</li>
<li>I expect Kirin to extend and bump next week, or bump/extend now, depending on their visibility on Fancl Q1. </li>
</ul>


The Kirin Holdings (2503 JP) Tender Offer to buy out minorities in Fancl Corp (4921 JP) closes today. Or at least the current one does. 
The original deal announced was light, and the stock has traded above terms since the announcement, with one fund buying up to 7.94%.
I expect Kirin to extend and bump next week, or bump/extend now, depending on their visibility on Fancl Q1. 


Fancl (4921) - Extendy-Extendy-Bumpity-Bumpity