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KANSAI PAINT gains further in afternoon trading after Silchester's over 5% stake revealed
KANSAI PAINT CO.,LTD. <4613> extended its gains in afternoon trading. It was revealed on the 1st that UK-based Silchester International Investors has newly acquired over 5% of KANSAI PAINT's shares, prompting speculative buying. According to a large shareholding report filed on the same day, the ownership ratio stands at 5.05%. The reporting obligation trigger date was March 30th. The purpose of holding section states that the firm "may request the issuer to increase dividends, change the frequency or total amount of share buybacks, cancel treasury stock, or make other changes to capital policy."
Source: MINKABU PRESS
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