Hong Kong-based LIM Advisors announced that it had added “material proposal actions” to the purpose of its holding in 杉村倉庫, a Nomura Holdings group company. LIM holds 6.2% of 杉村倉庫, whose shares reached an intraday high after the announcement.
Hong Kong-based LIM Advisors indicated in documents filed on the 30th that it had added “material proposal actions” to the purpose of its holding in 杉村倉庫, a Nomura Holdings group company. LIM is reported to hold 6.2% of 杉村倉庫 shares.
The announcement said that, despite 杉村倉庫’s share price being significantly discounted, the company had turned a blind eye to measures to improve asset efficiency. LIM said it had tried to engage in dialogue with management but had been unable to do so, and that it might undertake material proposal actions to preserve and enhance corporate and shareholder value.