OSAKA — Hong Kong-based activist investor Oasis Management now owns a roughly 5% stake in Japanese stationery and furniture brand Kokuyo, it was learned Wednesday, making the asset manager one of the largest shareholders.
Acquiring the shares cost 13.1 billion yen ($84.9 million), according to a disclosure filed with the Kanto Local Finance Bureau, a regulator with a jurisdiction that includes Tokyo. Oasis listed portfolio investment and making important proposals as the reasons behind the purchase.
