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

CVC Offers ¥1150 for Macromill (3978) - Wrong Price, Wrong Register - Expect Activism or An Overbid

Quiddity Advisors

Event-Driven

<ul>
<li>Today post-close, activist/engagement investor Oasis Management <a href="https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100UYE4.pdf?sv=2020-08-04&amp;st=2024-12-17T08%3A17%3A44Z&amp;se=2029-12-17T15%3A00%3A00Z&amp;sr=b&amp;sp=rl&amp;sig=8CF7Al7qa3iep7%2Be%2FYKZuyvDIrkbe2s%2B3M%2FLLvosDIs%3D" target="_blank" rel="noopener">filed</a> a new LSR on <a href="https://www.smartkarma.com/entities/macromill-inc" target="_blank" data-smartkarma-citation="entities:24026:1" rel="noopener">Macromill, Inc (3978 JP)</a> owning 7.12% of shares as of 13-Dec-2024. Reason: Defend shareholder value, propose measures to management.</li>
<li>That is 7.56-7.65% of effective voting/tender rights. It's big enough to matter. Of course, the stock has not traded below terms once since full trading started post-announcement. </li>
<li>And this was warned in <em><a href="https://www.smartkarma.com/insights/cvc-offers-1150-for-macromill-3978-wrong-price-wrong-register-expect-activism-or-an-overbid" target="_blank" data-smartkarma-citation="insights:166322" rel="noopener">CVC Offers ¥1150 for Macromill (3978) - Wrong Price, Wrong Register - Expect Activism or An Overbid</a></em>. Shareholder structure REALLY matters. </li>
</ul>


Today post-close, activist/engagement investor Oasis Management filed a new LSR on Macromill, Inc (3978 JP) owning 7.12% of shares as of 13-Dec-2024. Reason: Defend shareholder value, propose measures to management.
That is 7.56-7.65% of effective voting/tender rights. It's big enough to matter. Of course, the stock has not traded below terms once since full trading started post-announcement. 
And this was warned in CVC Offers ¥1150 for Macromill (3978) - Wrong Price, Wrong Register - Expect Activism or An Overbid. Shareholder structure REALLY matters. 


Activist Buys 7+% of Takeover Target Macromill (3978 JP)