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

Quiddity Advisors

Equity Bottom-Up

Today after the close, <a href="https://www.smartkarma.com/entities/mirait-holdings-corp" target="_blank" data-smartkarma-citation="entities:7034:1" rel="noopener">Mirait Holdings (1417 JP)</a>, a communications infrastructure construction company (telecom infra (everything from wiring data centers to cellphone towers, and solar power+batteries for renewable power sourcing for the same) announced a ToSTNeT-3 buyback tomorrow morning pre-open for up to 6 million shares at today's close of ¥1595/share, spending up to ¥9.57bn, which is a decent chunk of money.
This is nearly 20 days of ADV using the past 52 weeks as a guide so it means something in liquidity terms too. 
Shareholders who want to exit a position would have the ability to get out of a chunk of it tomorrow morning. If that is you, read on.
How, why, and why some might want to or not want to is covered below.

Today after the close, Mirait Holdings (1417 JP), a communications infrastructure construction company (telecom infra (everything from wiring data centers to cellphone towers, and solar power+batteries for renewable power sourcing for the same) announced a ToSTNeT-3 buyback tomorrow morning pre-open for up to 6 million shares at today's close of ¥1595/share, spending up to ¥9.57bn, which is a decent chunk of money.
This is nearly 20 days of ADV using the past 52 weeks as a guide so it means something in liquidity terms too. 
Shareholders who want to exit a position would have the ability to get out of a chunk of it tomorrow morning. If that is you, read on.
How, why, and why some might want to or not want to is covered below.

Large Mirait (1417) ToSTNeT-3 Buyback on a Future Activist Opportunity