Hong Kong-based investment fund Oasis Management has raised its shareholding ratio in Nidec to 7.97%, according to a change report filed on the 16th. Its previous stake was 6.78%, and the date on which the reporting obligation arose was September 9. Oasis said its purpose for holding the shares is to gain profit from share price fluctuations and dividends, and in addition to proposals it has already made regarding the appointment and composition of directors, delisting, and changes to capital policy, it plans to make proposals within the next 12 months concerning the disposal or acquisition of important assets, the transfer of businesses, and the selection and dismissal of representative directors. If it judges the share price to be undervalued, it plans to increase its stake by more than another 5% within the next three months, with the specific acquisition price, quantity, and timing currently under consideration, and filings with or approvals from regulatory authorities may be required in some cases.
Nidec CorporationActivist Oasis raised its Nidec stake to 7.97% and plans proposals on directors, delisting, capital policy and asset/business disposals, signaling potential value-unlocking pressure but with unclear outcome.
Oasis increased its Nidec holding to 7.97% to profit from share price moves and dividends, with plans to push further governance and capital-policy proposals.
