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] Minebea Matches YAGEO for Shibaura Elec (6957) At ¥6,200. Presses on Early Cashout

[Japan M&A] Minebea Forces a Game of Regulatory Chicken on Shibaura (6957 JP)

[Japan M&A] YAGEO Overbids Minebea's Overbid of YAGEO's Overbid of Minebea's Overbid - The Endgame

[Japan M&A] Shibaura in Limbo - "Neutral" On Minebea And "Reserves Opinion" On YAGEO Bid, Waiting...

Shibaura Elec (6957) - Minebea Overbids Yageo's Overbid of Minebea's Overbid of Yageo - ¥5,500

Quiddity Advisors

Event-Driven

<ul>
<li>YAGEO's deal for <a href="https://www.smartkarma.com/entities/shibaura-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:12704:1" rel="noopener">Shibaura Electronics (6957 JP)</a> had been extended a couple of times - once for Shibaura's yuho, and once for Taiwan Investment Commission Approval. </li>
<li>YAGEO had <a href="https://www.yageo.com/upload/media/investor/Press_Room/files/Shibaura20250602/PJ_Ship_Amendment_Press_Release%20(FDI%20Refiling)_EN_250602.pdf" target="_blank" rel="noopener"><em>re-filed</em> its notification</a> for FEFTA on 2 June, and the "normal" 30 day waiting period expired 1 July. YAGEO <a href="https://www.yageo.com/upload/media/investor/Press_Room/files/Shibaura20250701/YAGEO_Amendment%20Press%20Release%20(FDI%20Extentison)_EN_250701.pdf" target="_blank" rel="noopener">extended</a> by 4 business days to 15 July.</li>
<li>The <a href="https://disclosure2.edinet-fsa.go.jp/WZEK0050.aspx?S100WADT" target="_blank" rel="noopener">TRS amendment</a> was less informative than the TDNET release today. That's worth reading. More waiting ahead. But the timing may be politically strategic.</li>
</ul>


YAGEO's deal for Shibaura Electronics (6957 JP) had been extended a couple of times - once for Shibaura's yuho, and once for Taiwan Investment Commission Approval. 
YAGEO had re-filed its notification for FEFTA on 2 June, and the "normal" 30 day waiting period expired 1 July. YAGEO extended by 4 business days to 15 July.
The TRS amendment was less informative than the TDNET release today. That's worth reading. More waiting ahead. But the timing may be politically strategic.


[Japan M&A] YAGEO Extends Shibaura TOB Limbo at FSA/METI/BOJ Request on FEFTA