*Tsuruha makes false and misleading statements throughout its response to Oasis’s proposals, including about its relationship with North Pacific Bank and misrepresenting performance and governance practices
*Oasis believes the Tsuruha Board lacks an independent counterbalance for the family power structure which has presided over an extended period of underperformance
*Oasis urges all shareholders to vote FOR Oasis’s proposals and AGAINST the incumbent outside directors proposed by Tsuruha in order to establish a culture of compliance, accountability, and strong corporate governance at Tsuruha
More information available at www.TsuruhaCorpGov.com
To register for the upcoming Oasis webinar on July 25 to meet our Director candidates, please email [email protected]
HONG KONG--(BUSINESS WIRE)--Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own over 12.8% of drugstore operator Tsuruha Holdings Inc. (3391 JT) (“Tsuruha” or the “Company”). Oasis has adopted the Japan FSA’s “Principles of Responsible Ownership” (a/k/a the Japan Stewardship Code) and in line with those principles, Oasis monitors and engages with its investee companies.
In June 2023, Oasis, a long-term shareholder of Tsuruha, announced its “Tsuruha Corp Gov” campaign, pointing out the corporate governance failures at Tsuruha, and asking fellow shareholders to support the corporate governance reforms proposed by Oasis at the upcoming Annual General Meeting (“AGM”), including...
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