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

Zhejiang Expressway (576 HK): Life In The (Too) Fast Lane

Quiddity Advisors

Event-Driven

<ul>
<li>Last week, <a href="https://www.smartkarma.com/entities/zhejiang-expressway-co-h" target="_blank" data-smartkarma-citation="entities:2178:1" rel="noopener">Zhejiang Expressway Co H (576 HK)</a> announced its rights offering on both its H-Shares and its A-Shares, previously mooted on 23 May, and the Circular on 26 June.</li>
<li>The company applied, got CSRC approval on 5 Nov, announced the issuance on 6 Nov, and shares went ex- on 10 November. It's probably unneeded, but it's there. </li>
<li>The stock is cheap. The company will boost its payout ratio. And it isn't that "heavy" a deal. The Rights Trading Dynamics may be interesting.</li>
</ul>


Last week, Zhejiang Expressway Co H (576 HK) announced its rights offering on both its H-Shares and its A-Shares, previously mooted on 23 May, and the Circular on 26 June.
The company applied, got CSRC approval on 5 Nov, announced the issuance on 6 Nov, and shares went ex- on 10 November. It's probably unneeded, but it's there. 
The stock is cheap. The company will boost its payout ratio. And it isn't that "heavy" a deal. The Rights Trading Dynamics may be interesting.


Zhejiang Expressway (576 HK) Rights Offering - The Dynamics May Be Interesting