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

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

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

Quiddity Advisors

Event-Driven

<ul>
<li>The Katakura (3001 JP) MBO has failed. Nearly 60% tendered but I expect 85-90% of that 60% came from corporate and financial crossholders. </li>
<li>A new activist is in at ¥2,350/share, and that activist wants a higher price. </li>
<li>It is not clear there is a lot of downside here, but it is not clear what drives it up near-term either.</li>
</ul>


The Katakura (3001 JP) MBO has failed. Nearly 60% tendered but I expect 85-90% of that 60% came from corporate and financial crossholders. 
A new activist is in at ¥2,350/share, and that activist wants a higher price. 
It is not clear there is a lot of downside here, but it is not clear what drives it up near-term either.


Katakura Industries

Katakura (3001 JP) MBO/Tender Fails