M3 shares rise as much as 12% as Hong Kong-based Oasis holds 5.03% stake

The story

M3 shares rose as high as ¥1,725, up ¥187 from the previous trading day, making strong gains in the morning session.

It emerged that Hong Kong-based activist investment fund Oasis Management held a 5.03% stake in M3 as of the 3rd.

Market participants believe buying has led the market on expectations of management reforms and improved capital efficiency.

At a glance

Ticker2413 (M3)

Share price trendAt one point, the shares were bid up to ¥1,725, up ¥187 from the previous day

Holding ratioOasis Management held a 5.03% stake as of the 3rd

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