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

FamilyMart to Lift Stake in Kanemi - De Facto Takeover, Minorities Beware

Pan Pacific (7532 JP) To Take Out Sub Japan Asset Marketing (8922) In Tender Offer

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pan-pacific-international-holdings-corporation" target="_blank" data-smartkarma-citation="entities:13475:1" rel="noopener">Pan Pacific International Holdings (7532 JP)</a> has announced a Tender Offer on <a href="https://www.smartkarma.com/entities/kanemi-co-ltd" target="_blank" data-smartkarma-citation="entities:19614:1" rel="noopener">Kanemi Co Ltd (2669 JP)</a> to buy out the remaining shares of its one-time co-owner, Familymart. </li>
<li>The Tender Offer is for 11.83% of shares (ex-Treasury) at a 3% discount to last. It will get PPIH to near 40%, but together with friendlies, they own ~70%.</li>
<li>There is a small but extraordinarily illiquid opportunity here. I'd avoid, but there is an interesting potential put option. </li>
</ul>



Pan Pacific International Holdings (7532 JP) has announced a Tender Offer on Kanemi Co Ltd (2669 JP) to buy out the remaining shares of its one-time co-owner, Familymart. 
The Tender Offer is for 11.83% of shares (ex-Treasury) at a 3% discount to last. It will get PPIH to near 40%, but together with friendlies, they own ~70%.
There is a small but extraordinarily illiquid opportunity here. I'd avoid, but there is an interesting potential put option. 


Pan Pacific International Holdings (7532 JP)

Pan Pacific (7532) To Up Stake in Kanemi (2669) Through Partial Tender