Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On 2 July 2024, nursing care operator <a href="https://www.smartkarma.com/entities/sunwels-co-ltd" target="_blank" data-smartkarma-citation="entities:43702:1" rel="noopener">SUNWELS Co (9229 JP)</a> announced <a href="https://ssl4.eir-parts.net/doc/9229/tdnet/2470388/00.pdf" target="_blank" rel="noopener">a sale of Treasury shares and newly-issued shares,</a> and with it, a move to TSE Prime (therefore TOPIX)</li>
<li>The stock, of course, popped. The stock starts with VERY low float because the CEO and his company own 64% of shares out ex-treasury. </li>
<li>The offering is much larger than the TOPIX inclusion, so this is really more about the growth story.</li>
</ul>


On 2 July 2024, nursing care operator SUNWELS Co (9229 JP) announced a sale of Treasury shares and newly-issued shares, and with it, a move to TSE Prime (therefore TOPIX)
The stock, of course, popped. The stock starts with VERY low float because the CEO and his company own 64% of shares out ex-treasury. 
The offering is much larger than the TOPIX inclusion, so this is really more about the growth story.


Sunwels Co (9229) - Nursing Care Operator Offering and TOPIX Inclusion

David Blennerhassett

<ul>
<li>It's just a question of when, not if, the bubble bursts for <a href="https://www.smartkarma.com/entities/pt-barito-renewables-energy-tbk" target="_blank" data-smartkarma-citation="entities:40150:1" rel="noopener">Barito Renewables Energy (BREN IJ)</a>, which is up 1,200% since it October 2023 IPO. </li>
<li>A Reuters article suggests a ¥500bn secondary offering for <a href="https://www.smartkarma.com/entities/honda-motor-co-ltd" target="_blank" data-smartkarma-citation="entities:154:1" rel="noopener">Honda Motor (7267 JP)</a>. Honda has since said there is smoke. And we can assume there is fire.</li>
<li>Loo Choon Yong, <a href="https://www.smartkarma.com/entities/raffles-medical-group-ltd" target="_blank" data-smartkarma-citation="entities:879:1" rel="noopener">Raffles Medical Group (RFMD SP)</a>'s founder and major shareholder, continues to chip away at minorities, and now holds 54.944%,</li>
</ul>


It's just a question of when, not if, the bubble bursts for Barito Renewables Energy (BREN IJ), which is up 1,200% since it October 2023 IPO. 
A Reuters article suggests a ¥500bn secondary offering for Honda Motor (7267 JP). Honda has since said there is smoke. And we can assume there is fire.
Loo Choon Yong, Raffles Medical Group (RFMD SP)'s founder and major shareholder, continues to chip away at minorities, and now holds 54.944%,


Last Week in Event SPACE: Barito Renewables, Honda, Raffles Medical, Daidoh, Hanwha Corp

Japan

SUNWELS Co.,Ltd. offers care services. The Company provides elderly housing operation, day services, home visit nursing, care plan creation, and other services. SUNWELS also operates welfare equipment rental, home remodeling, and other businesses.

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SUNWELS Co (9229 JP)

Sunwels Co (9229) - Nursing Care Operator Offering and TOPIX Inclusion

Sunwels announced an equity offering, and a move to TSE Prime which means a move to TOPIX. That likely gets it into TOPIX at end-August. But this...

Travis Lundy

Last Week in Event SPACE: Barito Renewables, Honda, Raffles Medical, Daidoh, Hanwha Corp

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

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