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A.D.Works Group surges for third consecutive day on MI2's 5.03% stake disclosure
A.D.Works Group Co.,Ltd. <2982> rose sharply for the third consecutive day. According to a large shareholding report submitted to the Kanto Local Finance Bureau after trading on the 20th, investment company MI2 (Shibuya-ku, Tokyo) and its joint holders were found to have newly exceeded the 5% threshold with a stake of 5.03%. This appears to have triggered speculative buying based on supply-demand expectations. The purpose of holding is stated as "for the purpose of improving shareholder value of the issuing company, through dialogue with the issuing company, there is a possibility of making proposals orally or in writing regarding advice and recommendations on capital policy and corporate governance that contribute to shareholder value enhancement." The date of report filing obligation was May 13.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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