Be Brave Lifts Univance Stake to 7.09%, Presses for Policy-Share Sale and 8% Dividend-on-Equity
Be Brave's stake in Univance climbed to 7.09% from 6.08%, and the Tokyo fund wants the auto-parts maker to sell its policy shareholdings to fund an 8% dividend-on-equity payout, invoking the Tokyo Stock Exchange's 2023 request on capital cost and its revised governance code.