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Iino Kaiun Kaisha,Ltd. ( (JP:9119) ) just unveiled an update.
IINO Kaiun Kaisha’s board has unanimously decided to oppose all shareholder proposals submitted by LIM Japan Event Master Fund ahead of the company’s 135th annual general meeting in June. The proposals cover abolishing the company’s takeover response policies, individually disclosing directors’ remuneration, changing surplus appropriation, and acquiring treasury shares.
The board argues that its existing takeover response policies remain necessary to protect medium- to long-term corporate value and the common interests of shareholders. It contends that without such measures, large-scale share purchases could be made without sufficient information or time for investors, potentially enabling short-termist acquirers and undermining the company’s strategic plans.
More about Iino Kaiun Kaisha,Ltd.
IINO Kaiun Kaisha, Ltd., also known as IINO LINES, is a Japanese shipping company listed on the Tokyo Stock Exchange Prime with stock code 9119. The company operates in maritime transport and related services, focusing on long-term corporate value and aligning its management policies with the interests of shareholders.
Average Trading Volume: 322,819
Technical Sentiment Signal: Buy
Current Market Cap: Yen159.6B
Find detailed analytics on 9119 stock on TipRanks’ Stock Analysis page.