Ain Holdings (TYO:9627) approved a policy to address large-scale acquisitions of its shares by major shareholder Oasis Management, according to a Tokyo Stock Exchange filing on Tuesday.
Oasis raised its stake in Ain Holdings to 22.24%, up from 14.89% in April 2024, after aggressively buying shares over 3.5 months, the filing said.
Ain Holdings said the response policy is aimed at ensuring shareholders have sufficient information to assess the acquisitions and to protect its medium- to long-term corporate value and the common interests of shareholders, it said.
Shares of the retailer added over 1% in recent trade.
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