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

Katakura (3001) Tender In Danger As New Player Displaces Activist Who Agreed To Tender

Katakura Tender Offer Bump Now Looks Off. It Is Take-The-Loss or Hold-On-For-Later

Katakura Industries – Rewarding Shareholders Should Be Rewarded Itself with a Higher Share Price

Activist Target Katakura (3001 JP) Announces BIG Buyback

Quiddity Advisors

Event-Driven

<ul>
<li>Slightly belated, but worth looking at: <a href="https://www.smartkarma.com/entities/katakura-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:2007:1" rel="noopener">Katakura Industries (3001 JP)</a> announced on 8 November that KK Katakura - a private company 50/50 owned by the CEO and the Chairman - had announced it would launch a Tender Offer to take the company private in an MBO/MEBO with loans from a Japanese megabank equivalent to more than the purchase price.</li>
<li>
<a href="https://www.smartkarma.com/profiles/mio-kato" target="_blank" data-smartkarma-citation="accounts:713" rel="noopener">Mio Kato</a> covered the opportunity in <a href="https://www.smartkarma.com/insights/katakura-industries-rewarding-shareholders-should-be-rewarded-itself-with-a-higher-share-price" target="_blank" data-smartkarma-citation="insights:37258" rel="noopener">Katakura Industries – Rewarding Shareholders Should Be Rewarded Itself with a Higher Share Price</a> in early March 2020 and I covered its large buyback announcement and the future in late March 2020 in <a href="https://www.smartkarma.com/insights/activist-target-katakura-3001-jp-announces-big-buyback" target="_blank" data-smartkarma-citation="insights:37876" rel="noopener">Activist Target Katakura (3001 JP) Announces BIG Buyback</a>. </li>
<li> The deal comes at a relatively small premium, and the first two days' trading have seen the stock THROUGH terms. </li>
<li>The third day post announcement sees the stock even higher. What's going on?</li>
</ul>


Slightly belated, but worth looking at: Katakura Industries (3001 JP) announced on 8 November that KK Katakura - a private company 50/50 owned by the CEO and the Chairman - had announced it would launch a Tender Offer to take the company private in an MBO/MEBO with loans from a Japanese megabank equivalent to more than the purchase price.

Mio Kato covered the opportunity in Katakura Industries – Rewarding Shareholders Should Be Rewarded Itself with a Higher Share Price in early March 2020 and I covered its large buyback announcement and the future in late March 2020 in Activist Target Katakura (3001 JP) Announces BIG Buyback. 
 The deal comes at a relatively small premium, and the first two days' trading have seen the stock THROUGH terms. 
The third day post announcement sees the stock even higher. What's going on?


Activist Target Katakura Industries (3001) Subject to an MBO Takeout