|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,290 JPY | -1.83% |
|
-7.46% | -8.96% |
| Apr. 24 | Hokuetsu Corporation Announced Notice on Shareholder Proposal | CI |
| Apr. 23 | Hokuetsu Corporation Announced Notice on Shareholder Proposal | CI |
(Reuters) - Activist investor Oasis Management on Monday urged shareholders of Hokuetsu Corp to vote against the re-election of President Seiko Kishimoto at the Japanese paper manufacturer's upcoming annual general meeting.
The "company's corporate governance system, controlled by Kishimoto, has failed to function... We believe true enhancement of the company's corporate value is not possible without his departure," the Asia-focused fund said in a statement.
Kishimoto's departure will enhance the paper firm's corporate value over the long term, said Oasis, Hokuetsu's biggest shareholder with a stake of over 18%.
(Reporting by Urvi Dugar in Bengaluru; Editing by Christopher Cushing)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 2,729 PTS | -0.03% | +0.66% | - | ||
| 1,290 JPY | -1.83% | -7.46% | 1.41B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -8.96% | 1.41B | |
| -1.38% | 18.97B | |
| +6.08% | 14.89B | |
| +7.88% | 10.48B | |
| +1.10% | 6.29B | |
| +14.18% | 3.96B | |
| +18.43% | 3.2B | |
| +58.98% | 2.69B | |
| +12.70% | 1.77B | |
| +14.84% | 1.56B |
HOKUETSU CORPORATION 
