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Kakaku.com,Inc extends sharp gains on speculation following Oasis Management stake increase
Kakaku.com, Inc. <2371> shares extended sharp gains. An amendment report filed with the Kanto Local Finance Bureau after the market close on May 7 showed that Hong Kong-based Oasis Management raised its stake in the company to 15.74% from 12.11%, sparking speculative buying. The purpose of the investment was cited as portfolio investment, noting the fund may make significant proposals to protect shareholder value, with the reporting obligation triggered on April 24.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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