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HIRAKAWA HEWTECH surges for third consecutive day as Axium Capital announces proposal
HIRAKAWA HEWTECH CORP. <5821> extended its gains for a third straight session. Singapore-based investment management firm Axium Capital announced a proposal on Friday, May 29, aimed at enhancing corporate and shareholder value, providing a catalyst for the stock. The proposal calls for the immediate implementation of a share buyback program of 3 billion to 5 billion yen, alongside boosting the dividend payout ratio to 60% or more. The firm also opposed the reappointment of Chairman Kazuo Sumida at the annual shareholders' meeting. In addition, the proposal seeks the early expansion of production capacity and a stronger sales structure for the North American solar business.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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