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Ex-Murakami Fund Affiliate Takes 5.06% Stake in Japan's TV Asahi Holdings
City Index Eleventh, an ex-Murakami Fund affiliate, now holds 5.06% of Japan's TV Asahi Holdings and proposes dividend hikes and take-private via MBO.
In brief
City Index Eleventh, an ex-Murakami Fund affiliate, now holds 5.06% of Japan's TV Asahi Holdings and proposes dividend hikes and take-private via MBO. City Index Eleventh, an investment firm linked to former Murakami Fund, acquired 5.06% stake in TV Asahi Holdings and plans dividend increase, share buybacks, asset…
Stake Acquisition
City Index Eleventh, an investment firm affiliated with the former Murakami Fund, holds 5.06% of TV Asahi Holdings shares.
Proposed Capital Changes
The firm proposes dividend increases, share buybacks, asset sales, and a take-private transaction via MBO.
Shareholder Details
Aya Nomura, the eldest daughter of Yoshiaki Murakami, holds 1.86% as of June, making her the eighth-largest shareholder.
Stake Growth Timeline
City Index Eleventh has gradually increased its stake since last year, crossing the 5% threshold and triggering a Large Shareholding Report filing.
Market Reaction
Investors believe TV Asahi Holdings' shares are undervalued relative to net asset value and may prompt capital policy reviews.
What to remember
City Index Eleventh, an investment firm linked to former Murakami Fund, acquired 5.06% stake in TV Asahi Holdings and plans dividend increase, share buybacks, asset sales, and take-private transaction.
