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

Wakita Rejects StraCap's Shareholder Proposals

Japan Activism: A Look into Wakita (8125 JP) Potential Pre-Event

Quiddity Advisors

Event-Driven

<ul>
<li>Tsuyoshi Maruki's Strategic Capital has gone after a number of cash-rich companies in the past. This is Year 5 going after <a href="https://www.smartkarma.com/entities/wakita-co-ltd" target="_blank" data-smartkarma-citation="entities:11924:1" rel="noopener">Wakita &amp; Co Ltd (8125 JP)</a>.</li>
<li>Wakita is cash-rich, and has been for years, but it is also asset-rich. The former CEO, after he retired, decided he wanted to play in real estate.</li>
<li>At the end of last month, Strategic Capital made proposals (<a href="https://stracap.jp/english/8125-WAKITA.pdf" target="_blank" rel="noopener">English</a>, <a href="https://stracap.jp/wp2/wp-content/uploads/2025/03/3087d629aca914b01eca16798bbca85a.pdf" target="_blank" rel="noopener">Japanese</a>) to Wakita. Again. Today, the company responded (only in <a href="https://contents.xj-storage.jp/xcontents/81250/ed7c48b2/52f8/4683/8e14/e17b5ac898c6/140120250416516856.pdf" target="_blank" rel="noopener">Japanese</a>). Time for more.</li>
</ul>


Tsuyoshi Maruki's Strategic Capital has gone after a number of cash-rich companies in the past. This is Year 5 going after Wakita &amp; Co Ltd (8125 JP).
Wakita is cash-rich, and has been for years, but it is also asset-rich. The former CEO, after he retired, decided he wanted to play in real estate.
At the end of last month, Strategic Capital made proposals (English, Japanese) to Wakita. Again. Today, the company responded (only in Japanese). Time for more.


[Japan Activism] - Strategic Capital Shareholder Proposals to WAKITA (8125) And Their Response