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

ENEOS Bumps Tatsuta Elec (5809) Bid - 8.3% Bump Matches 8.7% Rise in BVPS Since Announcement

ENEOS to Buy Out Tatsuta Electric (5809) At 74% Premium

ENEOS Launches Tatsuta Elec (5809) "Minority" Takeout at Same Price as 18mos Ago

Tatsuta Electric (5809 JP) Crunch Time = Bump Time?

Quiddity Advisors

Event-Driven

Tatsuta Electric Wire & Cable / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eneos-holdings-inc" target="_blank" data-smartkarma-citation="entities:638:1" rel="noopener">ENEOS Holdings (5020 JP)</a> announced its deal for affiliate <a href="https://www.smartkarma.com/entities/tatsuta-electric-wire-cable-co-ltd" target="_blank" data-smartkarma-citation="entities:12509:1" rel="noopener">Tatsuta Electric Wire &amp; Cable (5809 JP)</a> 18-plus months ago. China approvals held it up more than a year.</li>
<li>Last month, they launched. The sector was up a lot. TOPIX was up a lot. The stock had recently been trading through terms. But ENEOS didn't bump the price.</li>
<li>A month later, and the tender was supposed to have closed Friday 19 July. It didn't. ENEOS extended, for no reason, which suggests they don't have the shares. </li>
</ul>



ENEOS Holdings (5020 JP) announced its deal for affiliate Tatsuta Electric Wire &amp; Cable (5809 JP) 18-plus months ago. China approvals held it up more than a year.
Last month, they launched. The sector was up a lot. TOPIX was up a lot. The stock had recently been trading through terms. But ENEOS didn't bump the price.
A month later, and the tender was supposed to have closed Friday 19 July. It didn't. ENEOS extended, for no reason, which suggests they don't have the shares. 


ENEOS Extends Tatsuta Electric (5809) Tender Offer Means They Don't Have The Shares