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Tokyo Cosmos Electric surges for third consecutive day on Axium Capital's increased stake
Tokyo Cosmos Electric Co Ltd <6772> shares extended gains for a third straight session on Monday after an amended large shareholding report filed following Friday's close showed Singapore-based investment firm Axium Capital raised its stake to 32.16% from 31.89%. The disclosure sparked speculative buying on supply-demand expectations. The purpose of the holding is stated as "primarily to hold for the long term as a pure investment," noting that Axium "may make significant proposals regarding business portfolio reviews, governance restructuring, capital policies, and listing-related policies" depending on circumstances. The reporting obligation arose on May 15.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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