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INES Corporation rises as UK's AVI increases stake to 8.05%
INES Corporation <9742> shares rebounded on Tuesday after a regulatory filing revealed that UK investment fund Asset Value Investors (AVI) has raised its stake in the company to 8.05% from 7.03%, sparking speculative buying. According to the amendment report filed on Monday, the reporting requirement was triggered on May 18. While the holding's purpose is stated as "pure investment," the fund noted that it may put forward important proposals or take action if deemed necessary to achieve a sustainable enhancement of corporate value.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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