Latest Tokyo Brief coverage on en inc., tracking filings, financial news, and market signals from Japan.
TSE:4849
Cayman Islands activist Oasis Management has spent two months buying En Inc. shares on-market, pushing its stake to 14.54% from 13.45% and disclosing it has already asked the recruitment-listings operator to consider delisting and a capital-policy change, while planning to press for the representative director's dismissal and other officer changes over the next year.
Oasis Management's stake in Tokyo-listed en inc. has climbed to 13.45% from 12.41%, and its filing shows the fund has already proposed delisting the shares and a capital-policy change that could hand a third party majority control, with a broader agenda, including possible dismissal of the representative director, reserved for the next 12 months.
Oasis Management's stake in en inc. climbed to 12.41% from 11.40%, and its amended filing says it may push for the representative director's removal, board changes, dividend policy shifts or delisting within a year, while also planning to buy more than five additional percentage points if the price looks cheap enough.