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>On 2 July 2024, nursing care operator <a href="https://www.smartkarma.com/entities/sunwels-co-ltd" target="_blank" data-smartkarma-citation="entities:43702:1" rel="noopener">SUNWELS Co (9229 JP)</a> announced <a href="https://ssl4.eir-parts.net/doc/9229/tdnet/2470388/00.pdf" target="_blank" rel="noopener">a sale of Treasury shares and newly-issued shares,</a> and with it, a move to TSE Prime (therefore TOPIX)</li>
<li>The stock, of course, popped. The stock starts with VERY low float because the CEO and his company own 64% of shares out ex-treasury. </li>
<li>The offering is much larger than the TOPIX inclusion, so this is really more about the growth story.</li>
</ul>


On 2 July 2024, nursing care operator SUNWELS Co (9229 JP) announced a sale of Treasury shares and newly-issued shares, and with it, a move to TSE Prime (therefore TOPIX)
The stock, of course, popped. The stock starts with VERY low float because the CEO and his company own 64% of shares out ex-treasury. 
The offering is much larger than the TOPIX inclusion, so this is really more about the growth story.


Sunwels Co (9229) - Nursing Care Operator Offering and TOPIX Inclusion