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Article: Murakami Fund boosts Hanshin Electric Railway stake to 44.49%.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- February 1, 2006
CopyrightCOPYRIGHT 2006 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Feb. 1--OSAKA -- An investment fund led by fund manager Yoshiaki Murakami has raised its stake in Hanshin Electric Railway Co. to 44.49 percent, according to a report submitted Wednesday to financial authorities.
In a similar report made available Jan. 16, the Murakami Fund, as it is known, had a 43.37 percent stake in the railway operator.
A Murakami Fund official said the fund has bought the additional shares "for genuine investment purposes." Murakami Fund has spent an estimated 118.4 billion yen to achieve the 44.49 percent.
The fund and the railway firm have been engaged in a tussle over the fund's demands regarding the firm's management ...