Axium Capital Pte. Ltd. has published proposals to Soken Chemical & Engineering Co.,Ltd. aimed at enhancing corporate value, calling for opposition to its takeover defense measures and an end to third-rate management.
Axium Capital Pte. Ltd. and the funds it manages have published proposals to Soken Chemical & Engineering Co.,Ltd. aimed at enhancing corporate value. The proposals include opposition to its takeover defense measures and convey an intention to promote improvements to the current management structure.
The proposals reportedly call for a review of the management structure and a reassessment of the company’s strategic direction to achieve long-term corporate value enhancement. They express the expectation that the current management will move away from what is described as “third-rate management.”