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

Aslead Capital Hostile Offer for Fuji Kosan (5009)

2021 Japan AGM Activism - StraCap Proposals for Asanuma Corp (1852)

2021 Japan AGM Activism - StraCap Proposals for Seikitokyu Kogyo (1898) - A REALLY Cheap Company

Japan Activism: A Look into Wakita (8125 JP) Potential Pre-Event

The Amended FamilyMart Document Is A MUST READ For Investor-Stewards

Quiddity Advisors

Event-Driven

<div><p>On 1 April, Strategic Capital <a href="https://proposal-for-wakita-from-sc-2021.com/wp/wp-content/uploads/2021/PR%28ENG%29.pdf" target="_blank" rel="noopener">announced</a> (English) in a press release that it had requested to put a matter on the agenda for the Annual General Meeting of <a href="https://www.smartkarma.com/entities/wakita-co-ltd" target="_blank" data-smartkarma-citation="entities:11924:1" rel="noopener">Wakita &amp; Co Ltd (8125 JP)</a> as was their right. </p></div><div><blockquote><p>The Fund and Strategic Capital are pleased to announce that, on March 30th, 2021, we notified WAKITA of our execution of the shareholders’ right to make a proposal at the annual shareholder meeting held in the coming May and confirmed that, on March 31st, 2021, WAKITA certainly received the documents of the proposal.</p></blockquote></div><div>
<p>There is a website with the catchy domain name <a href="https://proposal-for-wakita-from-sc-2021.com" target="_blank" rel="noopener">https://proposal-for-wakita-from-sc-2021.com</a>. The website has a <a href="https://proposal-for-wakita-from-sc-2021.com/wp/wp-content/uploads/2021/SC%20presentation%20Wakita.pdf" target="_blank" rel="noopener">presentation</a> (<a href="https://proposal-for-wakita-from-sc-2021.com/wp/wp-content/uploads/2021/SC%20presentation%20Wakita.pdf" target="_blank" rel="noopener">https://proposal-for-wakita-from-sc-2021.com/wp/wp-content/uploads/2021/SC%20presentation%20Wakita.pdf</a>) of two dozen pages which explains the issues clearly. </p>
<p>The <a href="https://proposal-for-wakita-from-sc-2021.com/wp/wp-content/uploads/2021/PR%28ENG%29.pdf" target="_blank" rel="noopener">letter</a> outlines the five shareholder proposals. Most of them were reasonable, and a perusal of the first insight in the series <a href="https://www.smartkarma.com/insights/japan-activism-a-look-into-wakita-8125-jp-potential-pre-event" target="_blank" data-smartkarma-citation="insights:50034" rel="noopener">Japan Activism: A Look into Wakita (8125 JP) Potential Pre-Event</a> shows why.</p>
<h3>The NEW News</h3>
<p>On Friday, the company <a href="https://contents.xj-storage.jp/xcontents/81250/a6125b97/fbfe/4961/baac/116bc18b2917/140120210423498992.pdf" target="_blank" rel="noopener">announced</a> that the Board recommended voting against all five shareholder proposals. </p>
<p>It is worthwhile re-reading the proposals and now the responses. They are disappointing, but it was never going to be otherwise. </p>
<p>Eventually, this company will have to change.  All it really takes is companies and shareholders doing right by themselves. </p>
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On 1 April, Strategic Capital announced (English) in a press release that it had requested to put a matter on the agenda for the Annual General Meeting of Wakita &amp; Co Ltd (8125 JP) as was their right. The Fund and Strategic Capital are pleased to announce that, on March 30th, 2021, we notified WAKITA of our execution of the shareholders’ right to make a proposal at the annual shareholder meeting held in the coming May and confirmed that, on March 31st, 2021, WAKITA certainly received the documents of the proposal.
There is a website with the catchy domain name https://proposal-for-wakita-from-sc-2021.com. The website has a presentation (https://proposal-for-wakita-from-sc-2021.com/wp/wp-content/uploads/2021/SC%20presentation%20Wakita.pdf) of two dozen pages which explains the issues clearly. 
The letter outlines the five shareholder proposals. Most of them were reasonable, and a perusal of the first insight in the series Japan Activism: A Look into Wakita (8125 JP) Potential Pre-Event shows why.
The NEW News
On Friday, the company announced that the Board recommended voting against all five shareholder proposals. 
It is worthwhile re-reading the proposals and now the responses. They are disappointing, but it was never going to be otherwise. 
Eventually, this company will have to change.  All it really takes is companies and shareholders doing right by themselves. 





Wakita Rejects StraCap's Shareholder Proposals