SHIBAURA MACHINE extends gains as Oasis Management continues to increase stake
SHIBAURA MACHINE CO., LTD. <6104> rose for a second consecutive session. An amended large shareholding report submitted to the Kanto Local Finance Bureau after the close on Oct. 1 showed that Hong Kong-based investment fund Oasis Management increased its stake from 9.02% to 10.14%, prompting speculative buying on supply-demand expectations. The stated purpose of the holding is "to engage in dialogue with the issuer regarding its corporate governance, with the aim of enhancing the issuer's medium- to long-term corporate value through the rectification of material deficiencies in corporate governance with the issuer's management." The reporting obligation arose on Sept. 24.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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