TOKYO : ValueAct Capital said on Friday that Seven & i Holdings had failed to provide clear answers to the questions the activist fund sent to the Japanese retail giant.
"Seven & i did not answer any of the nine questions posed by ValueAct in a clear and specific way," ValueAct told Reuters, a day after Seven & i independent directors issued a statement to continue reviewing strategies. "We look forward to providing shareholders the opportunity to vote for new directors who will put the company on a path towards a better future," said ValueAct, which owns a 4.4 per cent stake in Seven & i.
Why an owner isn't aware of what is selling at the stall?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo ramen restaurant bans customers from watching videos on their phonesDebu-chan, a ramen restaurant in Tokyo’s “ramen battlefield,” recently implemented a new rule banning customers from watching videos on their phones while dining. Although he understands that customers who watch videos prior to eating do not intend to ruin their meal, Kai pointed out that his restaurant’s thin one-millimeter-wide noodles can quickly become soggy. Kai explained that the Hakata ramen he serves, which originates from Hakata prefecture in western Japan, is a “food born for impatient people,” indicating that the noodles are meant to be eaten immediately after being served, reported CNN.
Source: YahooSG - 🏆 3. / 71 Read more »
King Charles III's coronation: What we know with month to goLONDON: With about a month until King Charles III's coronation, plans are at an advanced stage to mark his historic accession to the throne - Britain's first in seven decades. Charles, 74, immediately be
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan government survey finds 1.5 million living as reclusesTOKYO: Nearly 1.5 million working-age people in Japan are social recluses, according to a new government survey, with a fifth citing the COVID-19 pandemic as the main reason for their withdrawal. The poll is Japan's first official comprehensive probe into the prevalence of 'hikikomori', or 'shut-ins' - a p
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BOJ must be cautious about changing easy money policy too soon - ex-MOF NakaoTOKYO : The Bank of Japan (BOJ) should be cautious about changing its unconventional monetary policy for now, given financial market uncertainty due to problems in Western banks, former top financial diplomat Takehiko Nakao told Reuters in an interview.Nakao made the comments amid speculation the BOJ may
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan February real wages fall for eleventh month but at slower paceTOKYO : Japan's real wages fell in February for an eleventh month, labour ministry data showed on Friday, although the rate of the decrease slowed thanks to government energy subsidies aimed at curbing consumer inflation.While major Japanese firms concluded annual labour talks with the largest pay rises i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Ukrainian forces cling onto besieged city, China pressed to help end warNEAR BAKHMUT, Ukraine: Ukrainian and Russian forces battled in Bakhmut, the devastated eastern city which has become a symbol of Kyiv's defiance, while seven civilians were reported killed by Ukrainian artillery strikes in Russian-controlled areas. Ukrainian soldiers in trenches just outside Bakhmut said t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »