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

Sawada Selldown May Be Done - Now On To Earnings

Sawada Selldown Was NOT Done - Shareholder Structure Looks Different Now

Sawada Holdings - Change of Paradigm Means Opportunity

Sawada (8699 JP) Stuck Between Mongolian Central Bank Idealism and Reality

Quiddity Advisors

Event-Driven

Today during the day, <a href="https://www.smartkarma.com/entities/sawada-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:7311:1" rel="noopener">Sawada Holdings (8699 JP)</a> released some good news in a <a href="http://www.sawada-holdings.co.jp/wp/wp-content/uploads/2021/04/shdpress20210420-2.pdf" target="_blank" rel="noopener">statement</a> released to the Exchange part way through the day. It was about time. The shares spiked 5.5% in the last hour of trading.In what is the fourth update by the company regarding the back and forth between the company and the Mongolian Central Bank since my last insight <a href="https://www.smartkarma.com/insights/sawada-8699-jp-stuck-between-mongolian-central-bank-idealism-and-reality" target="_blank" data-smartkarma-citation="insights:48921" rel="noopener">Sawada (8699 JP) Stuck Between Mongolian Central Bank Idealism and Reality</a>, the company confirmed that the Mongolian Central Bank had approved<ol style="list-style-type: lower-alpha;">
<li>the idea that "Qualifying Shareholders" could sell the required number of shares of Sawada Holdings (in order to lose the designation of Qualifying Shareholder) to be sold down to meet the CB's requirements by doing so in the market, and...</li>
<li>the selldown by the Qualifying Shareholder in question. </li>
</ol>This result suggests a number of things are possible. But the rules also suggest limits to what is possible. More discussion below.

Today during the day, Sawada Holdings (8699 JP) released some good news in a statement released to the Exchange part way through the day. It was about time. The shares spiked 5.5% in the last hour of trading.In what is the fourth update by the company regarding the back and forth between the company and the Mongolian Central Bank since my last insight Sawada (8699 JP) Stuck Between Mongolian Central Bank Idealism and Reality, the company confirmed that the Mongolian Central Bank had approved
the idea that "Qualifying Shareholders" could sell the required number of shares of Sawada Holdings (in order to lose the designation of Qualifying Shareholder) to be sold down to meet the CB's requirements by doing so in the market, and...
the selldown by the Qualifying Shareholder in question. 
This result suggests a number of things are possible. But the rules also suggest limits to what is possible. More discussion below.

Sawada Gets Some Good News - Expect a Selldown

HS Holdings

Sawada Gets Some Good News - Expect a Selldown