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

Aeon Tender Offer for Aeon Delight (9787) At ¥5,400/Share

Aeon (8267) And Aeon Mall (8905) To Be a Guess The Ratio Trade

Quiddity Advisors

Event-Driven

<ul>
<li>In an announcement after the close Friday 11 April, <a href="https://www.smartkarma.com/entities/aeon-co-ltd" target="_blank" data-smartkarma-citation="entities:3:1" rel="noopener">Aeon Co Ltd (8267 JP)</a> and <a href="https://www.smartkarma.com/entities/aeon-mall-co-ltd" target="_blank" data-smartkarma-citation="entities:5262:1" rel="noopener">AEON Mall (8905 JP)</a> announced their merger ratio, and timing. </li>
<li>The ratio is 0.65 to 1.0, meaning Aeon Mall shareholders don't get a lot of credit for their real estate. The timing is short-dated. The AGM is end-May. Merger July1. </li>
<li>This may be a tad light, but it is a done deal. Active shareholder base is almost all retail and crossholders+dom passive gets Aeon to 70%. </li>
</ul>


In an announcement after the close Friday 11 April, Aeon Co Ltd (8267 JP) and AEON Mall (8905 JP) announced their merger ratio, and timing. 
The ratio is 0.65 to 1.0, meaning Aeon Mall shareholders don't get a lot of credit for their real estate. The timing is short-dated. The AGM is end-May. Merger July1. 
This may be a tad light, but it is a done deal. Active shareholder base is almost all retail and crossholders+dom passive gets Aeon to 70%. 


"Tiny Win for Guess The Ratio" Aeon (8267) Pays a SMALL Premium for Aeon Mall (8905)