Statement by Oasis in Response to the “Hokuetsu Board of Directors’ Opinion on Oasis’ Presentation” (Securities Code: 3865 JT)
Retrieved on:
Monday, June 12, 2023
Professional Services, Finance, Exercise, Employment, Internet, Policy, Perception, Financial Instruments and Exchange Act, Hokuetsu Corporation, TSR, Waste Management (company), Document, Financial instrument, EBITDA, JT, Tokyo Stock Exchange, Total shareholder return, Responsibility, ROE, Public utility, Security (finance), Management, Hokuetsu, Daio
In response to the “Hokuetsu Corp Gov” campaign, Hokuetsu published a “Notice of the Board’s Opinion on Oasis’ Presentation” (the “Announcement”) on June 2, 2023.
Key Points:
- In response to the “Hokuetsu Corp Gov” campaign, Hokuetsu published a “Notice of the Board’s Opinion on Oasis’ Presentation” (the “Announcement”) on June 2, 2023.
- Hokuetsu’s significant shareholder disclosure for its Daio holding also explicitly states that its Daio shares are held for “cross-shareholding purposes”.
- Therefore, despite the Company’s vague statements to the contrary, it seems clear that the Daio shares held by Hokuetsu are in fact general cross-shareholdings.
- The Document is not intended to solicit or seek shareholders' agreements to jointly exercise any voting rights with Oasis.