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

CPIC (601601 SH / 2601 HK) - GDR Issuance Incoming!

Quiddity Advisors

Equity Capital Markets

China Pacific Insurance Group / Equity Capital Markets

Late Friday evening, <a href="https://www.smartkarma.com/entities/china-pacific-insurance-group" target="_blank" data-smartkarma-citation="entities:6177:1" rel="noopener">China Pacific Insurance (2601 HK)</a> and <a href="https://www.smartkarma.com/entities/china-pacific-insurance-group-co-ltd-c3977224-9bf8-4947-95bc-bd1fdec7f8e6" target="_blank" data-smartkarma-citation="entities:14184:1" rel="noopener">China Pacific Insurance (Group) Co., (601601 CH)</a><a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0612/2020061201377.pdf" target="_blank" rel="noopener">announced</a> that... <ul>
<li>The Company is currently applying for the issuance and admission of GDRs [tentatively, <a href="https://www.smartkarma.com/entities/china-pacific-insurance-group-gdr" target="_blank" data-smartkarma-citation="entities:29024:1" rel="noopener">China Pacific Insurance (GDR) (CPIC LN)</a>] on the London Stock Exchange.</li>
<li>The prospectus was approved by the UK Financial Conduct Authority on 12 June 2020.</li>
<li>A Pricing Range of US$17.60-19.00 per GDR (one GDR is five A shares) was announced.</li>
<li>The Offer Period is expected to be 12 June to 16 June 2020, and the Offering is expected to raise US$1.991-2.150bn.  </li>
</ul>The trade is on. <div class="content-highlight">
This situation likely has some positive value for some standard investors in equity offerings. 
It probably has significantly more positive value for investors who do not normally look at GDR offerings.
Long-only investors in A-shares who already hold CPIC should take a close look (and message me if any questions)
</div>

Late Friday evening, China Pacific Insurance (2601 HK) and China Pacific Insurance (Group) Co., (601601 CH)announced that... 
The Company is currently applying for the issuance and admission of GDRs [tentatively, China Pacific Insurance (GDR) (CPIC LN)] on the London Stock Exchange.
The prospectus was approved by the UK Financial Conduct Authority on 12 June 2020.
A Pricing Range of US$17.60-19.00 per GDR (one GDR is five A shares) was announced.
The Offer Period is expected to be 12 June to 16 June 2020, and the Offering is expected to raise US$1.991-2.150bn.  
The trade is on. 
This situation likely has some positive value for some standard investors in equity offerings. 
It probably has significantly more positive value for investors who do not normally look at GDR offerings.
Long-only investors in A-shares who already hold CPIC should take a close look (and message me if any questions)


China Pacific Insurance (Group) Co., (601601 CH)

China Pacific Insurance Group

The CPIC GDR Offering Is On. Get Some.