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

Sembcorp Marine (SMM SP):  Keppel O&M Takeover Completion Next Week = OOF!

Keppel Goes Ex- SMM Spinoff This Week - NEWKEP Is Still A Buy

Sembcorp Marine (SMM SP) - MSCI Pulls a Surprise Late Inclusion - All Engines Reverse Full!

Quiddity Leaderboard for Straits Times Index Mar 23: SMM Could Miss Addition

Keppel & Sembcorp Marine Revise Transaction, Improve Terms to SMM

Sembcorp Marine Takeover of Keppel O&M - Almost There

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

<ul>
<li>Last Friday, <a href="https://www.smartkarma.com/entities/sembcorp-marine-ltd" target="_blank" data-smartkarma-citation="entities:11:1" rel="noopener">Sembcorp Marine (SMM SP)</a> announced it had Approval-In-Principle for its Proposed Combination with <a href="https://www.smartkarma.com/entities/keppel-corp-ltd" target="_blank" data-smartkarma-citation="entities:12:1" rel="noopener">Keppel Corp (KEP SP)</a>, contingent on the Circular being despatched by 31 January 2023.  </li>
<li>At 6:50pm local time on 31 January, Sembcorp Marine released its 679-page <a href="https://links.sgx.com/FileOpen/Circular.ashx?App=Announcement&amp;FileID=745337" target="_blank" rel="noopener">Circular</a> (and <a href="https://links.sgx.com/FileOpen/EGM%20Announcement.ashx?App=Announcement&amp;FileID=745338" target="_blank" rel="noopener">EGM Announcement</a> (16 Feb EGM)). Phew! </li>
<li>Now we have a deal in sight, we have to think about next steps. SMM NEWCO needs a story vs flow. Orderbook is nice but may not cut it near-term.</li>
</ul>


Last Friday, Sembcorp Marine (SMM SP) announced it had Approval-In-Principle for its Proposed Combination with Keppel Corp (KEP SP), contingent on the Circular being despatched by 31 January 2023.  
At 6:50pm local time on 31 January, Sembcorp Marine released its 679-page Circular (and EGM Announcement (16 Feb EGM)). Phew! 
Now we have a deal in sight, we have to think about next steps. SMM NEWCO needs a story vs flow. Orderbook is nice but may not cut it near-term.


Sembcorp Marine-Keppel O&M Merger Circular Squeaks In Under The Wire - Next Steps

Seatrium

Sembcorp Marine-Keppel O&M Merger Circular Squeaks In Under The Wire - Next Steps