Dalton Investments Submits Shareholder Proposal to Taisei Oncho
May 27, 2022 at 12:00 am
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On May, 27, 2022, Dalton Investments LLC announced proposals according to circumstances: (i) in order to avoid potential conflicts of interest, seeking a more transparent management system and requesting the appointment of independent directors who respect the opinions of minority shareholders in general, (ii) changes in dividend policy such as increase in dividend to improve stock value, changes to capital policy such as own stock purchase, (iii) and any other reasonable measures that other submitters believe will lead to an increase in shareholder value of the Company, etc.
TAISEI ONCHO CO., LTD. is a Japan-based company mainly engaged in the equipment construction business. The Company operates in six regional segments. The equipment construction business is engaged in the design, manufacture and contracted construction of air conditioners, plumbing and sanitation equipment, constant temperature and humidity equipment, dehumidifiers, heat exchange systems, freezing and refrigeration equipment. The real estate rental business is engaged in the leasing of land and buildings for commercial use and residential use. The others business is engaged in the sale of air conditioners and others, as well as the solar power generation business. The Company operates within the domestic market and to overseas markets, including USA, China, India, Philippines and Australia. The Company also operates in Vietnam.