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

JIC Deal For Shinko Electric Is LIGHT, and There's Room To Complain, But Will Trade Wide

Shinko Electric (6967) Takeover:  Initial Break/Gap Risk Analysis

Shinko Electric (6967) Takeover:  Changing Break/Gap Risk as Comps Gain

Fujitsu (6702) Subsidiary Selldowns To Come

Shinko Electric (6967) - Waiting for a Package

Shinko Electric (6967) Update - MitCorp In The Mix?

JIC Launches a NOT-¥1trln Tender Offer for JSR (4185). Welcome? Yes. Overwhelming? Meh.

Quiddity Advisors

Event-Driven

Shinko Electric Industries / Event-Driven

<ul>
<li>A Nikkei article today suggested that Fujitsu had granted preferential negotiating rights to buy <a href="https://www.smartkarma.com/entities/shinko-electric-industries" target="_blank" data-smartkarma-citation="entities:15066:1" rel="noopener">Shinko Electric Industries (6967 JP)</a> to a JIC-led consortium (including DNP and Mitsui Chem) for ~¥800bn.</li>
<li>This happened late in the afternoon session. Shares spiked 5+%, then were halted. A gray market ensued. </li>
<li>A Bloomberg article provided more info, and the same info nuanced slightly differently. The wording in yet other articles was interesting enough that it is worth discussing. </li>
</ul>


A Nikkei article today suggested that Fujitsu had granted preferential negotiating rights to buy Shinko Electric Industries (6967 JP) to a JIC-led consortium (including DNP and Mitsui Chem) for ~¥800bn.
This happened late in the afternoon session. Shares spiked 5+%, then were halted. A gray market ensued. 
A Bloomberg article provided more info, and the same info nuanced slightly differently. The wording in yet other articles was interesting enough that it is worth discussing. 


JIC Consortium Possibly In Line to Win Shinko At "¥800bn", Which Makes You Go 🤔...