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

Toyo (1890) Says "We Reject". YFO Says "But We Didn't Talk". Medium-🌶🌶🌶 Hostile Activism To Ensue

Toyo Construction (1890) Investors/Traders Beware

YFO To Take the Fight To Toyo Construction's Board

Toyo Construction - YFO Standstill Against TC Hostility

Toyo Cancels Poison Pill At Last Minute - Range to the Upside

Toyo Construction (1890 JP) - There's Nuance in Them Thar Press Releases

Quiddity Advisors

Event-Driven

<ul>
<li>In March 2022, <a href="https://www.smartkarma.com/entities/toyo-construction-co-ltd" target="_blank" data-smartkarma-citation="entities:1176:1" rel="noopener">Toyo Construction (1890 JP)</a> agreed to be taken over by equity affiliate stake owner <a href="https://www.smartkarma.com/entities/infroneer-holdings-inc" target="_blank" data-smartkarma-citation="entities:35785:1" rel="noopener">INFRONEER Holdings (5076 JP)</a> at what was a low price.</li>
<li>Nintendo Founder Family Office "YFO" objected, and bought 25+% of the company, then offered to buy it out 30% higher. Toyo Construction objected.</li>
<li>Four months later they finally signed an NDA and then started negotiating. Early in November the target date for a Tender Offer start by YFO was pushed to early December.</li>
</ul>


In March 2022, Toyo Construction (1890 JP) agreed to be taken over by equity affiliate stake owner INFRONEER Holdings (5076 JP) at what was a low price.
Nintendo Founder Family Office "YFO" objected, and bought 25+% of the company, then offered to buy it out 30% higher. Toyo Construction objected.
Four months later they finally signed an NDA and then started negotiating. Early in November the target date for a Tender Offer start by YFO was pushed to early December.


Toyo Construction (1890) - Creeping Up On The Next "Tender Offer Start Date"..... Uh.... Maybe