Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. 

On Smartkarma, I mainly publish insights on index flow events in the Asia-Pacific region. This includes predicting regular and intra-review index changes and estimating upcoming passive flows. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<a href="https://www.smartkarma.com/entities/japan-u-pica-co-ltd" target="_blank" data-smartkarma-citation="entities:2243:1" rel="noopener">Japan U Pica (7891 JP)</a> is a smallcap manufacturer of polyester, epoxy, and urethane acrylate resins, and polyester resins derived from biomass-material. That accounts for two-thirds of revenues. The other one-third comes from functional chemicals. The ccompany was formed in 1977 as a joint venture between <a href="https://www.smartkarma.com/entities/mitsubishi-gas-chemical-co" target="_blank" data-smartkarma-citation="entities:225:1" rel="noopener">Mitsubishi Gas Chemical Co (4182 JP)</a> and <a href="https://www.smartkarma.com/entities/toyobo-co-ltd" target="_blank" data-smartkarma-citation="entities:6187:1" rel="noopener">Toyobo Co Ltd (3101 JP)</a> and has been super-majority held by these two companies since then (and all through its public trading history starting in 1994 as a JASDAQ OTC name).Yesterday, the company <a href="https://ssl4.eir-parts.net/doc/7891/tdnet/1791297/00.pdf" target="_blank" rel="noopener">announced</a> a Tender Offer by top shareholder <a href="https://www.smartkarma.com/entities/mitsubishi-gas-chemical-co" target="_blank" data-smartkarma-citation="entities:225:1" rel="noopener">Mitsubishi Gas Chemical Co (4182 JP)</a> to take the company private, squeezing out minorities. This was just a matter of time.

Japan U Pica (7891 JP) is a smallcap manufacturer of polyester, epoxy, and urethane acrylate resins, and polyester resins derived from biomass-material. That accounts for two-thirds of revenues. The other one-third comes from functional chemicals. The ccompany was formed in 1977 as a joint venture between Mitsubishi Gas Chemical Co (4182 JP) and Toyobo Co Ltd (3101 JP) and has been super-majority held by these two companies since then (and all through its public trading history starting in 1994 as a JASDAQ OTC name).Yesterday, the company announced a Tender Offer by top shareholder Mitsubishi Gas Chemical Co (4182 JP) to take the company private, squeezing out minorities. This was just a matter of time.

Smallcap Japan U-Pica (7891) Tender Offer Buyout