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Shinko Shoji rises for 6th straight day to new year-to-date high on continued buying by former Murakami Fund affiliate
Shinko Shoji Co.,Ltd. <8141> extended its winning streak to six sessions, hitting a new year-to-date high. Following the close of trading on the 2nd, it was revealed that the shareholding ratio by City Index Elevenths (Shibuya-ku, Tokyo), an affiliate of the former Murakami Fund, and its joint holders increased from 14.33% to 15.66%, spurring speculative buying. While City Index Elevenths does not hold shares in Shinko Shoji, joint holder City Index First (Taito-ku, Tokyo) increased its position. The shareholding ratio of another joint holder, Aya Nomura, remained unchanged.
According to the amendment report filed with the Kanto Local Finance Bureau, the reporting obligation arose on March 26th. The stated purpose of the shareholding is "investment and, depending on circumstances, providing advice to management and making important proposals."
Source: MINKABU PRESS
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