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

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

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

Toyo Construction AGM : YFO Wins on Dramatic Foreign Shareholder Discontent

Toyo Construction (1890) Tries a Different Tactic - FEFTA!

Toyo Construction FY23 Profit Forecast - 105% Payout = 6.5%, Lots of Shares Changing Hands

Toyo Construction (1890) Plays Offence - A New Mid-Term Mgmt Plan with High Shareholder Payout

Quiddity Advisors

Event-Driven

<ul>
<li>At end-March, <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> started playing hardball against YFO. They rejected the EGM call; they sent a letter to METI crying "FEFTA Breach!", and raised the div BIGLY.</li>
<li>The new div at ¥63/share was meant to get the share price over ¥1,000/share so the YFO bid at that price would not be meaningful. So far, no luck. </li>
<li>But YFO, which had threatened to propose a new slate, came out today with a list of nine, including two who would be executive directors. 👀👀</li>
</ul>


At end-March, Toyo Construction (1890 JP) started playing hardball against YFO. They rejected the EGM call; they sent a letter to METI crying "FEFTA Breach!", and raised the div BIGLY.
The new div at ¥63/share was meant to get the share price over ¥1,000/share so the YFO bid at that price would not be meaningful. So far, no luck. 
But YFO, which had threatened to propose a new slate, came out today with a list of nine, including two who would be executive directors. 👀👀


YFO Goes Hard for Board Spill - Independents AND Executives