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

YFO Reloads Toyo Construction Takeover Proposal at ¥1255/Share

Toyo Construction (1890) - Everyone Hits Pause

Toyo Construction AGM : YFO Wins on Dramatic Foreign Shareholder Discontent

Yamauchi Family Office Buys More Toyo; Toyo Claims More Malfeasance, ISS Supports YFO

Stuck With Each Other:  Toyo "Special Committee" Against Toyo Tender, Toyo Against YFO Proposals

Quiddity Advisors

Event-Driven

<ul>
<li>The Nikkei has an <a href="https://www.nikkei.com/nkd/company/article/?DisplayType=1&amp;ba=1&amp;ng=DGKKZO72451670T00C23A7TB0000&amp;scode=1890" target="_blank" rel="noopener">article</a> today with details of an interview with new <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> Chairman Yoshida and President Obayashi. There will be a 2-3 month governance review.</li>
<li>It will review decision-making process, "profit management" (利益管理), and business investment decisions (事業への投資判断).  Chairman Yoshida had a quote on neutrality on a YFO proposal. My wording there was carefully chosen.</li>
<li>The President also said they expect ongoing synergies with Infroneer, and will maintain MTMP/Mitsui OSK Partnership management plans. Their words were chosen carefully too. </li>
</ul>


The Nikkei has an article today with details of an interview with new Toyo Construction (1890 JP) Chairman Yoshida and President Obayashi. There will be a 2-3 month governance review.
It will review decision-making process, "profit management" (利益管理), and business investment decisions (事業への投資判断).  Chairman Yoshida had a quote on neutrality on a YFO proposal. My wording there was carefully chosen.
The President also said they expect ongoing synergies with Infroneer, and will maintain MTMP/Mitsui OSK Partnership management plans. Their words were chosen carefully too. 


Toyo Construction (1890) Plans Governance Review, Promises Neutrality on a YFO TOB Proposal Decision