Strategic Capital Submits Shareholder Proposal to Kyokuto Boeki Kaisha
July 19, 2022 at 12:00 am
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On July 19, 2022, Strategic Capital, Inc.announced that it have sent a letter to the board of directors of Kyokuto Boeki Co., Ltd., titled "Our Company's Recognition of Shares Held for Pure Investment Purposes". As a Shareholder of the Company, Strategic Capital hereby inform the Board of Directors of the Company of the shares held for pure investment purposes "Pure Investment Shares" through this year's annual general meeting of shareholders. However, Strategic Capital stated that based on the fact the opinion of Company's board of directors at the general meeting of shareholders was false, and there was a difference in perception with Company, Strategic Capital refiled a document regarding recognition of pure investment shares on July 19, 2022.
Kyokuto Boeki Kaisha, Ltd. is a Japan-based company engaged in the trading business. The Basic Industry Related division provides machinery and equipment for steel, nonferrous metals, automobile, chemicals, shipbuilding and plant engineering industries, electrical machinery, oil drilling related equipment and resources development equipment. The Electronics and Control System Related division offers electronic components and equipment, software, instrumentation and control systems, image processors, ground support electronic equipment and navigation equipment, as well as automatic control devices for thermal power stations. The Industrial Materials division provides combined material manufacturing machinery, as well as machines for textile processing, meat processing, resin finishing, coating, measurement and analysis, among others. As of March 31, 2014, the Company had 11 subsidiaries and eight associated companies.
KYOKUTO BOEKI KAISHA, LTD. 