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SEIBU HOLDINGS rebounds sharply on increased stake by 3D Investment
SEIBU HOLDINGS INC. <9024> shares rebounded sharply on Tuesday after a regulatory filing revealed that Singapore-based investment advisory firm 3D Investment Partners has raised its stake to 6.92% from 5.75%, sparking speculative buying. According to an amendment report filed with the Kanto Local Finance Bureau post-market on Monday, the reporting requirement was triggered on May 18. The holding's purpose is stated as pure investment, with the firm noting it may offer advice and proposals to Seibu's board and management to drive medium- to long-term corporate value depending on circumstances.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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