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] Senko Group (9069 JP) Bids for Maruwn (9067 JP) In Deal Which May Trigger Fireworks

[Japan M&A] Senko Group (9069 JP) Launches Maruwn (9067 JP) TOB After Lack of Fireworks

Quiddity Advisors

Event-Driven

<ul>
<li>The deal was originally announced in November and was launched in late January 2026 for 20 days. If they got to 50.1%, they said they'd extend another 10 days.</li>
<li>Today, they announced that as of today they had 9.553mm shares vs the 3.2004mm share minimum, so they are extending for ten days, to 5 March (20d becomes 27d).</li>
<li>It's done. They have something like 72% now. This will proceed and you'd only keep shares if you wanted appraisal rights. It was cheap, but not YutakaGiken-cheap.</li>
</ul>


The deal was originally announced in November and was launched in late January 2026 for 20 days. If they got to 50.1%, they said they'd extend another 10 days.
Today, they announced that as of today they had 9.553mm shares vs the 3.2004mm share minimum, so they are extending for ten days, to 5 March (20d becomes 27d).
It's done. They have something like 72% now. This will proceed and you'd only keep shares if you wanted appraisal rights. It was cheap, but not YutakaGiken-cheap.


[Japan M&A] Senko Group's TOB For Maruwn Passes 50.1% so Extended to 5 March

Maruwn Corp

[Japan M&A] Senko Group's TOB For Maruwn Passes 50.1% so Extended to 5 March