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

Quiddity Advisors

Event-Driven

Kingboard Copper Foil Hldgs / Event-Driven

April 4th after the close, a wholly-owned subsidiary of Hong Kong-listed <a href="https://www.smartkarma.com/entities/10276" target="_blank" data-smartkarma-citation="entities:10276:1">Kingboard Laminates Holdings (1888 HK)</a> (which itself is 70.93% owned by <a href="https://www.smartkarma.com/entities/8122" target="_blank" data-smartkarma-citation="entities:8122:1">Kingboard Holdings (148 HK)</a> (formerly known as "Kingboard Chemical")) <a href="https://links.sgx.com/FileOpen/Offer%20Announcement%2004.04.2019.ashx?App=Announcement&amp;FileID=550299" target="_blank">launched</a> a VOLUNTARY UNCONDITIONAL CASH OFFER for <a href="https://www.smartkarma.com/entities/4524" target="_blank" data-smartkarma-citation="entities:4524:1">Kingboard Copper Foil Hldgs (KCF SP)</a>. This is a "clean-up" as Kingboard Laminates owns 87.96% of Kingboard Copper Foil already. It is unconditional in all respects and the Offeror owns 87.96%. The goal is delisting. If they get 17.03% of the minority, they will be able to engineer a delisting. Squeezeout is a bit further out but is far from impossible. This looks like a done deal. This one should trade at shouldn't trade at a premium UNLESS...<hr>Quiddity's new <a href="https://www.smartkarma.com/insights/quiddity-singapore-m-a-guide-2019" target="_blank">Quiddity Singapore M&amp;A Guide 2019</a> is now published with guidelines to the relevant rules, regulations, documentation, and pointers to the Singapore M&amp;A landscape. Watch for more in the series to be published shortly.

April 4th after the close, a wholly-owned subsidiary of Hong Kong-listed Kingboard Laminates Holdings (1888 HK) (which itself is 70.93% owned by Kingboard Holdings (148 HK) (formerly known as "Kingboard Chemical")) launched a VOLUNTARY UNCONDITIONAL CASH OFFER for Kingboard Copper Foil Hldgs (KCF SP). This is a "clean-up" as Kingboard Laminates owns 87.96% of Kingboard Copper Foil already. It is unconditional in all respects and the Offeror owns 87.96%. The goal is delisting. If they get 17.03% of the minority, they will be able to engineer a delisting. Squeezeout is a bit further out but is far from impossible. This looks like a done deal. This one should trade at shouldn't trade at a premium UNLESS...Quiddity's new Quiddity Singapore M&amp;A Guide 2019 is now published with guidelines to the relevant rules, regulations, documentation, and pointers to the Singapore M&amp;A landscape. Watch for more in the series to be published shortly.

Kingboard Starts Voluntary Unconditional Offer for 88% Held Sub Kingboard Copper Foil