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

KKR To Sell a 20-22% Stake in Kokusai Electric (6525)?

Kokusai Elec (6525) - The Much-Anticipated Lockup Expiry

TOPIX "Big April Basket" 2024 Expectations: More High-Conviction Names; Better Trade Ideas

Quiddity Advisors

Equity Capital Markets

Kokusai Electric  / Equity Capital Markets

<ul>
<li>Today post-close we got confirmation of yesterday's Reuters scoop of a secondary selldown on <a href="https://www.smartkarma.com/entities/kokusai-electric-corp" target="_blank" data-smartkarma-citation="entities:40152:1" rel="noopener">Kokusai Electric (6525 JP)</a> after the stock fell 7.2% in heavy volume.</li>
<li>KKR HKE LP and KSP Kokusai LLC (Koch) will together sell 52.5mm shares plus another 7.8mm+ in the greenshoe. Split is 50/50 domestic/international. </li>
<li>This is 60+mm shares against 51mm shares held by non-passive holders ex-Capital (who has been selling). It's a lot of stock at a high price.</li>
</ul>


Today post-close we got confirmation of yesterday's Reuters scoop of a secondary selldown on Kokusai Electric (6525 JP) after the stock fell 7.2% in heavy volume.
KKR HKE LP and KSP Kokusai LLC (Koch) will together sell 52.5mm shares plus another 7.8mm+ in the greenshoe. Split is 50/50 domestic/international. 
This is 60+mm shares against 51mm shares held by non-passive holders ex-Capital (who has been selling). It's a lot of stock at a high price.


Kokusai Elec (6525) ¥300bn+ Offering at ATH - Almost a Second IPO