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

<ul>
<li>Friday after the close, <a href="https://www.smartkarma.com/entities/mitsubishi-ufj-financial-group" target="_blank" data-smartkarma-citation="entities:218:1" rel="noopener">Mitsubishi UFJ Financial (MUFG) (8306 JP)</a> announced a <a href="https://www.mufg.jp/dam/pressrelease/2025/pdf/news-20250214-003_ja.pdf" target="_blank" rel="noopener">partial offer</a> to buy up to 13.026385mm shares (minimum 11.661185mm shs) of rent guarantor <a href="https://www.smartkarma.com/entities/zenhoren-co-ltd" target="_blank" data-smartkarma-citation="entities:40227:1" rel="noopener">Zenhoren (5845 JP)</a>. </li>
<li>That is 49.6% but an MUFJ sub already owns 1.46%. The offer comes at a 32% premium to last. Two holders with 33.59% of the register have agreed to tender. </li>
<li>This will turn the company into a consolidated subsidiary of MUFG under MUFJ Nicos, the group's consumer credit subsidiary. Shareholder structure matters. Watch the back end.</li>
</ul>


Friday after the close, Mitsubishi UFJ Financial (MUFG) (8306 JP) announced a partial offer to buy up to 13.026385mm shares (minimum 11.661185mm shs) of rent guarantor Zenhoren (5845 JP). 
That is 49.6% but an MUFJ sub already owns 1.46%. The offer comes at a 32% premium to last. Two holders with 33.59% of the register have agreed to tender. 
This will turn the company into a consolidated subsidiary of MUFG under MUFJ Nicos, the group's consumer credit subsidiary. Shareholder structure matters. Watch the back end.


Mitsubishi UFJ Financial (MUFG) (8306 JP)

MUFG Partial Offer by MUFG to Buy ~50% of Small Cap Zenhoren (5845) - Watch the Back End