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YFO Goes Hard for Board Spill - Independents AND Executives

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Today, <a href="https://www.smartkarma.com/entities/toyo-construction-co-ltd" target="_blank" data-smartkarma-citation="entities:1176:1" rel="noopener">Toyo Construction (1890 JP)</a> announced it was against YFO's AGM shareholder proposals. And that the Special Committee was unanimously against YFO's tender proposal.</li>
<li>The content is mixed. Some is probably correct (YFO hasn't done a great job it appears). Some is clearly taking management's statements at face value where it shouldn't.</li>
<li>And some is just the passage of time. Last year, ¥1,000 was "too high." This year it is "not enough." Now Toyo and YFO are stuck with each other.</li>
</ul>


Today, Toyo Construction (1890 JP) announced it was against YFO's AGM shareholder proposals. And that the Special Committee was unanimously against YFO's tender proposal.
The content is mixed. Some is probably correct (YFO hasn't done a great job it appears). Some is clearly taking management's statements at face value where it shouldn't.
And some is just the passage of time. Last year, ¥1,000 was "too high." This year it is "not enough." Now Toyo and YFO are stuck with each other.


Stuck With Each Other:  Toyo "Special Committee" Against Toyo Tender, Toyo Against YFO Proposals