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

Chilled & Frozen's Target Opinion Statement; Chotto Matte (Four Counterbidders)

Chilled & Frozen Logistics (9099) Gone Ballistic - Reminder of Structure, Price, and Incentives

C&F (9099) Pushes Back on AZ-Com Call for Transparency, Again. Still Not A Buy.

Chilled & Frozen Logistics (9099) - Hostile Takeover Launched by AZ-Com Maruwa (9090)

Roland DG (6789) - Brother (6448) Launches Hostile Overbid to Taiyo MBO - You Love To See It

Roland DG (6789) - Tender Offer by Taiyo Partners - Nice Premium But Too Cheap

Quiddity Advisors

Event-Driven

Chilled & Frozen Logistics Holdings / Event-Driven

Chilled & Frozen Logistics Holdings (9099 JP)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/chilled-frozen-logistics-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:40987:1" rel="noopener">Chilled &amp; Frozen Logistics Holdings (9099 JP)</a> had been sending out questions, and trying to get <a href="https://www.smartkarma.com/entities/az-com-maruwa-holdings" target="_blank" data-smartkarma-citation="entities:17280:1" rel="noopener">AZ-Com Maruwa Holdings (9090 JP)</a> to delay the start until at least late-May.</li>
<li>AZ-Com Maruwa answered questions (<a href="https://contents.xj-storage.jp/xcontents/AS96767/8ab1adb2/511f/4c2b/b41d/8ee9b69afa57/140120240419573330.pdf" target="_blank" rel="noopener">first</a> and <a href="https://contents.xj-storage.jp/xcontents/AS96767/84331775/46b3/43bb/9e72/0366975d1bfa/140120240426577630.pdf" target="_blank" rel="noopener">second</a> set) and on the 24th, C&amp;F asked AZ-Com to extend. They did not extend. AZ-Com announced the Tender Offer at ¥3,000 today.</li>
<li>C&amp;F responded today saying the TOB is launched without C&amp;F Board approval. Then they said some other things that might be disclosed when C&amp;F's Board presents its Target Opinion.</li>
</ul>



Chilled &amp; Frozen Logistics Holdings (9099 JP) had been sending out questions, and trying to get AZ-Com Maruwa Holdings (9090 JP) to delay the start until at least late-May.
AZ-Com Maruwa answered questions (first and second set) and on the 24th, C&amp;F asked AZ-Com to extend. They did not extend. AZ-Com announced the Tender Offer at ¥3,000 today.
C&amp;F responded today saying the TOB is launched without C&amp;F Board approval. Then they said some other things that might be disclosed when C&amp;F's Board presents its Target Opinion.


AZ-Com Maruwa Launches Hostile TOB on Chilled & Frozen Logistics (9099) - Expect More Fun To Come