ReYuu Japan Inc. rises on speculation following Long Corridor's 14.07% stake disclosure
Shares of ReYuu Japan Inc. <9425> traded firmly higher on Friday after regulatory filings revealed that Hong Kong-based investment management firm Long Corridor Asset Management has built a 14.07% stake in the company, crossing the 5% disclosure threshold. According to the large shareholding report submitted to the Kanto Local Finance Bureau after Thursday's market close, the disclosure triggered speculative buying on positive supply-demand expectations. The asset manager stated the purpose of the holding is for pure investment, with the reporting obligation triggered on May 26.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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