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

Bain Launches Hitachi Metals (5486) Tender Offer

Hitachi Metals - Should I Stay or Should I Go Now?

Hitachi Metals - Nice Rebound Reduces Forward Reward/Risk Ratio

Hitachi Metals – Steel Price Recovery Probably Limits Downside Even in the Event of a Break

Hitachi Metals (5486) - Where IS Undisturbed?

Quiddity Advisors

Event-Driven

<ul>
<li>Today before the open, China's State Administration for Market Regulation (SAMR) finally announced the approval of the takeover of <a href="https://www.smartkarma.com/entities/hitachi-metals-ltd" target="_blank" data-smartkarma-citation="entities:8561:1" rel="noopener">Hitachi Metals (5486 JP)</a>. This was what delayed things. </li>
<li>The approval had actually been issued on 7 September, and the collected approvals in the week to the 12th were announced today. Some media outlets had the info yesterday.</li>
<li>I expect it is likely that the Bain Tender Offer to buy Hitachi Metals will be announced today after the close, or at latest, early next week.</li>
</ul>


Today before the open, China's State Administration for Market Regulation (SAMR) finally announced the approval of the takeover of Hitachi Metals (5486 JP). This was what delayed things. 
The approval had actually been issued on 7 September, and the collected approvals in the week to the 12th were announced today. Some media outlets had the info yesterday.
I expect it is likely that the Bain Tender Offer to buy Hitachi Metals will be announced today after the close, or at latest, early next week.


Hitachi Metals (5486) Gets SAMR Clearance, Finally. So Now We Can Sell.