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

Sponsor of Sankei Real Estate (2972) To Buy More Units in Revival Plan

Quiddity Advisors

Event-Driven

<ul>
<li>Last October, I wrote about the plan the sponsor of <a href="https://www.smartkarma.com/entities/sankei-real-estate-inc" target="_blank" data-smartkarma-citation="entities:35239:1" rel="noopener">Sankei Real Estate (2972 JP)</a> had to exchange buildings with the REIT to clean it up, then buy more units.</li>
<li>Today they announced the completion of the Portfolio Rebalancing Plan started in March 2023. And the plan to buy more units. The assets transferred out were gone at end Jan-2024.</li>
<li>Now that's done, and there are units to buy. Maximum 46,652 units over maximum 220 days.</li>
</ul>


Last October, I wrote about the plan the sponsor of Sankei Real Estate (2972 JP) had to exchange buildings with the REIT to clean it up, then buy more units.
Today they announced the completion of the Portfolio Rebalancing Plan started in March 2023. And the plan to buy more units. The assets transferred out were gone at end Jan-2024.
Now that's done, and there are units to buy. Maximum 46,652 units over maximum 220 days.


Sankei Real Estate (2972) Sponsor Buy Now On And It Isn't Small (Even if the REIT Is)