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

[Japan M&A/Activism] Sankei REIT (2972)  Extended, and Murakami-San Buys More But...

[Japan M&A/Activism] Sankei REIT (2972) Cancels Previously Announced End-Feb Div - Outcome Murkier

[Japan M&A/Activism] Sankei REIT (2972 JP) - Fukuoka Story Changes Again and Murakami Buys More

[Japan M&A] Tosei & GIC Bid for Office-Heavy Sankei REIT (2972 JP) At 1.15x PNAV

[Japan M&A/Activism] Murakami Bought, Squeezed, Now Tender Closing

[Japan M&A/Activism] Murakami Group Jump into Sankei REIT (2972) Complicating Things

Quiddity Advisors

Event-Driven

<ul>
<li>After the close, the <a href="https://www.smartkarma.com/entities/sankei-real-estate-inc" target="_blank" data-smartkarma-citation="entities:35239:1" rel="noopener">Sankei Real Estate (2972 JP)</a> Takeover Bidders announced an Extension from 19 Feb through 6 March 2026. They also announced all holders would get the dividends.</li>
<li>That is an extra ¥2,773/unit, as discussed might be the outcome yesterday in <a href="https://www.smartkarma.com/insights/japan-m-a-activism-murakami-bought" target="_blank" data-smartkarma-citation="insights:222167" rel="noopener">[Japan M&amp;A/Activism] Murakami Bought, Squeezed, Now Tender Closing</a>. For now, that's the bump.</li>
<li>But there has been no mention of Murakami. That made me wonder what he was looking at. I dug more (I should have before), and I think I see it.</li>
</ul>


After the close, the Sankei Real Estate (2972 JP) Takeover Bidders announced an Extension from 19 Feb through 6 March 2026. They also announced all holders would get the dividends.
That is an extra ¥2,773/unit, as discussed might be the outcome yesterday in [Japan M&amp;A/Activism] Murakami Bought, Squeezed, Now Tender Closing. For now, that's the bump.
But there has been no mention of Murakami. That made me wonder what he was looking at. I dug more (I should have before), and I think I see it.


[Japan M&A/Activism] Sankei REIT (2972 JP) - Deal Extended, Div Added (2.2% "Bump") BUT... Murakami!