Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<p>On Friday, <a href="https://www.smartkarma.com/entities/12638" target="_blank" data-smartkarma-citation="entities:12638:1">Pacific Textiles Holdings (1382 HK)</a> enjoyed a robust morning session of trade, rising more than it had any other day in the past ten months and on decent volume.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/028/952/original/20170630_PacText2.png?1498903745" class="editor-image img-responsive" data-smartkarma-image-id="28952"></figure><div style="text-align: left;" class="content-caption">chart: Bloomberg, annotations TL</div><h2>The News</h2><p>Then during the Hong Kong lunch break the company asked for a trading halt, and 20 minutes later an Nikkei article (<a href="http://asia.nikkei.com/Business/Companies/Toray-to-buy-30-of-world-s-top-knit-fabric-supplier" target="_blank">E</a>, <a href="http://www.nikkei.com/article/DGXLASDZ30H36_Q7A630C1MM0000/" target="_blank">J</a> (both $$) came out suggesting <a href="https://www.smartkarma.com/entities/625" target="_blank" data-smartkarma-citation="entities:625:1">Toray Industries Inc (3402 JP)</a> was in the final stages of talks to take a stake of approximately 30% for approximately 60bn yen, with the…</p>

On Friday, Pacific Textiles Holdings (1382 HK) enjoyed a robust morning session of trade, rising more than it had any other day in the past ten months and on decent volume.chart: Bloomberg, annotations TLThe NewsThen during the Hong Kong lunch break the company asked for a trading halt, and 20 minutes later an Nikkei article (E, J (both $$) came out suggesting Toray Industries Inc (3402 JP) was in the final stages of talks to take a stake of approximately 30% for approximately 60bn yen, with the…

Toray Buys Pacific Textiles Stake from Founder - Possible Lead-In to Partial Offer Next Year?

Taiwan

Tainan Spinning Co., Ltd manufactures and markets polyester textile products. The Company's products include polyester yarns, filaments, and staples.  Tainan Spinning also operates real estate business.

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Tainan Spinning (1440 TT)

Toray Buys Pacific Textiles Stake from Founder - Possible Lead-In to Partial Offer Next Year?

On Friday, Pacific Textiles Holdings (1382 HK) enjoyed a robust morning session of trade, rising more than it had any other day in the past ten...

Travis Lundy

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