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

Koei Tecmo – Nice on the Surface But We Are Worried

Koei Tecmo – Some Nice Signs But Downside Risks Need To Be Priced In First

Oh No ZoZo! An Overly Complicated Buyback+Issuance To Stay Prime

Tencent – Fortnite Is Punching Out and You Should Too

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/koei-tecmo-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:20277:1" rel="noopener">Koei Tecmo Holdings (3635 JP)</a> today announced a CB offering, a buyback tender offer, and an intention to apply to join TSE Prime.</li>
<li>The two main shareholders will tender a total of 9.9mm shares, and the CB issuance/redemption would bring tradable shares to 36%.</li>
<li>We were waiting for this. We knew they had to do something. And this is about as well-structured as possible for shareholders. </li>
</ul>



Koei Tecmo Holdings (3635 JP) today announced a CB offering, a buyback tender offer, and an intention to apply to join TSE Prime.
The two main shareholders will tender a total of 9.9mm shares, and the CB issuance/redemption would bring tradable shares to 36%.
We were waiting for this. We knew they had to do something. And this is about as well-structured as possible for shareholders. 


Koei Tecmo (3635 JP) - Complex But Lower Impact Move To Stay in TSE Prime (Buyback+CB Issuance)