TOKYO : Hong Kong-based activist investor Oasis Management said on Thursday it would start a campaign against Japanese cosmetics and skincare firm Kao Corp, demanding that the company cut underperforming brands.
“If Kao focused on its cosmetics and health & beauty segments and improved marketing, Oasis believes its stock price would exceed 10,000 yen per share, a 76 per cent upside from current levels,” the hedge fund investor said in a statement.
Source: CNA
