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

Takeei (2151 JP) - Rever (5690 JP) Merger: TOPIX Event to Be Triggered

BeNEXT - Yumeshin Merger: Interesting Fundamentals and a TOPIX Index Event

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

On 18th March 2021, Japan-based waste water management company <a href="https://www.smartkarma.com/entities/takeei-corp" target="_blank" data-smartkarma-citation="entities:7936:1" rel="noopener">Takeei Corp (2151 JP)</a> and metal recycling company <a href="https://www.smartkarma.com/entities/rever-holdings-corp" target="_blank" data-smartkarma-citation="entities:32218:1" rel="noopener">Rever Holdings Corp (5690 JP)</a> announced (<a href="https://ssl4.eir-parts.net/doc/2151/tdnet/1945449/00.pdf" target="_blank" rel="noopener">J-only</a>) they had agreed to merge in a transaction that will see both companies joined under a new combined holding company (NewCo). Takeei Shareholders are expected to receive 1.24 shares of NewCo per Takeei Share while Rever Shareholders are expected to receive 1.00 share of NewCo per Rever Share. Previously, I covered this Deal in <a href="https://www.smartkarma.com/insights/takeei-2151-jp-rever-5690-jp-merger-topix-event-to-be-triggered" target="_blank" data-smartkarma-citation="insights:49347" rel="noopener">Takeei (2151 JP) - Rever (5690 JP) Merger: TOPIX Event to Be Triggered</a> taking a Bullish stance due to the potential TOPIX upweight consequences.Since the Deal was announced, shares of Rever and Takeei have gained 24% and 30% respectively.Read below to find out the latest updates to this situation.

On 18th March 2021, Japan-based waste water management company Takeei Corp (2151 JP) and metal recycling company Rever Holdings Corp (5690 JP) announced (J-only) they had agreed to merge in a transaction that will see both companies joined under a new combined holding company (NewCo). Takeei Shareholders are expected to receive 1.24 shares of NewCo per Takeei Share while Rever Shareholders are expected to receive 1.00 share of NewCo per Rever Share. Previously, I covered this Deal in Takeei (2151 JP) - Rever (5690 JP) Merger: TOPIX Event to Be Triggered taking a Bullish stance due to the potential TOPIX upweight consequences.Since the Deal was announced, shares of Rever and Takeei have gained 24% and 30% respectively.Read below to find out the latest updates to this situation. 

Takeei (2151 JP) - Rever (5690 JP): Shareholder Approvals Complete - Road to TOPIX Upweight Clear