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KONICA MINOLTA rebounds for first time in three days as Effissimo's stake rises to 10.60%
KONICA MINOLTA, INC. <4902> rebounded for the first time in three days on Wednesday after a regulatory filing showed Singapore-based activist fund Effissimo Capital Management had increased its stake in the company. According to a large shareholding report filed on Tuesday, Effissimo's stake rose to 10.60% from 9.55%, with the reporting obligation triggered on May 26. While the stated purpose of the holding is pure investment, with most shares held for client asset management under discretionary contracts, the fund's prominent activist profile fueled speculative buying.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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