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

Shin Kong (2888 TT)/Taishin (2887 TT) - Short Timer, FX Risk, Index Flows - Time To Buy Vs Peers

ShinKong (2888 TT)/Taishin (2887 TT) - Time To Deal Is Shorter, But Risk To Peers Is Higher

Shin Kong (2888 TT)/Taishin (2887 TT) Deal Gets FSC Approval - Still A Good Swap

Quiddity Advisors

Index Rebalance

Shin Kong Financial Holding / Index Rebalance

<ul>
<li>A new factoid about the merger between the <a href="https://www.smartkarma.com/entities/shin-kong-financial-holding" target="_blank" data-smartkarma-citation="entities:15351:1" rel="noopener">Shin Kong Financial Holding (2888 TT)</a> and <a href="https://www.smartkarma.com/entities/taishin-financial-holding" target="_blank" data-smartkarma-citation="entities:715:1" rel="noopener">Taishin Financial Holding (2887 TT)</a> merger of FHCs came to my notice last week.</li>
<li>There is withholding tax on a portion of the Taishin shares to be received. The last day of trading will be 11 July 2025. Expect repercussions.</li>
<li>This week will see multiple index events, combined with the risk arb events, and the WHT may affect how passive investors trade the events.</li>
</ul>


A new factoid about the merger between the Shin Kong Financial Holding (2888 TT) and Taishin Financial Holding (2887 TT) merger of FHCs came to my notice last week.
There is withholding tax on a portion of the Taishin shares to be received. The last day of trading will be 11 July 2025. Expect repercussions.
This week will see multiple index events, combined with the risk arb events, and the WHT may affect how passive investors trade the events.


Shin Kong/Taishin Merger Flows and Perhaps Unforeseen Problems