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16.06.26 - 00:36
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Oasis Welcomes ISS and Glass Lewis Recommendations Supporting Board Accountability and Stronger Oversight at Kyocera (Business Wire)
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*ISS and Glass Lewis, the world's leading proxy advisory firms, recommend that Kyocera shareholders vote AGAINST the Company's proposal to re-elect Chairman Yamaguchi and in FAVOR of Oasis's shareholder proposal seeking his removal
*Both firms also recommended to vote FOR Kotaro Okamura as an independent director nominated by Oasis, recognising his extensive expertise in capital policy and portfolio management, which they believe is well suited to addressing the challenges facing Kyocera
*ISS also recommended voting FOR a share buyback of JPY350 billion proposed by Oasis, highlighting Kyocera's excessive net cash balance that represents more than 40% of its market capitalization and Kyocera's need to improve capital efficiency
*Oasis encourages shareholders to support a constructive reform agenda focussed on disciplined capital allocation, portfolio focus, independent oversight and sustainable value creation
More information available at abetterkyocera.comHONG KONG--(BUSINESS WIRE)--Oasis Management ...
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15.06.26 - 19:36
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An absurd illustration of Britain′s housing problem | Letters (The Guardian)
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Readers respond to an article about what was once the UK's most expensive house, which has lain empty for yearsGrand properties lying empty when we're in the midst of a housing crisis is ludicrous. Sam Wollaston's article about a homeless person sleeping in the portico of a £200m palace, which used to be terrace houses, is the most apt and absurd illustration of the UK's housing problem (It was Britain's most expensive house. Why is its only resident a homeless man who lives on the porch?, 10 June).For a long time, my partner and I lived in the affluent town of Henley-on-Thames. There, behind the famous Leander club, sat a sizeable disused property. Most days I'd drive past it on my way to work and lament that the pigeon-filled building wasn't occupied. It took over a decade before it was knocked down and the area finally developed; presumably somebody owned it for all that time and sat on it for whatever reasons. Continue reading......
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12.06.26 - 16:30
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Shinkumi Bank for Koreans in Japan Ordered to Suspend Biz (Nippon)
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Sapporo, June 12 (Jiji Press)--Japan's Financial Services Agency on Friday ordered a "shinyo kumiai" credit association, or shinkumi bank, for Korean residents to suspend part of its operations after its management team was found to have covered up an executive's embezzlements of customer deposits. Uri Shinkumi Bank, based in Sapporo, the capital of the northernmost Japan prefecture of Hokk......
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10.06.26 - 07:42
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Asics to Spin Off Onitsuka Tiger Brand (Nippon)
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Tokyo, June 10 (Jiji Press)--Japanese sporting goods maker Asics Corp. said Wednesday that it will spin off its Onitsuka Tiger sneaker brand business on Jan. 1 next year. OT Group Corp., an Asics unit, will take over the brand, which is expanding overseas rapidly and is popular among visitors to Japan. Asics will transition the brand to "a more independent operating structure" to "enable ......
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