4 days ago
Activist investor Oasis owns 5% stake in Japan electronics maker Casio
A Japanese institutional investor sees prospects for Casio Electronics accelerating reforms now that it could come under pressure from outside shareholders.
HIDEAKI HIGASHIURA
TOKYO -- Hong Kong-based activist investor Oasis Management now owns roughly 5% of Japan's Casio Electronics, according to a shareholding report.
As of July 2, Oasis had acquired 12.33 million shares, equivalent to 5.19% of Casio's outstanding stock, according to a large shareholding report filed with the Kanto Local Finance Bureau, a regulator whose jurisdiction includes Tokyo. The acquisition cost about 14.6 billion yen ($100 million).
