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SANYO SHOKAI rebounds from morning slide on report of US activist proposal
SANYO SHOKAI <8011> rebounded after a morning slide. Bloomberg reported on April 17 that US activist fund Sapphire Terra Capital submitted a shareholder proposal seeking a special dividend, acting as a catalyst for the stock.
Sanyo Shokai disclosed on April 14, while announcing full-year results, that it had received a proposal from a shareholder for a special dividend of 1,200 yen per share. The board unanimously opposed the proposal.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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