Activist Oasis says it owns over 3% of Japanese cosmetics firm Kao

Kao

08/04/2024 24:32

TOKYO, April 8 (Reuters) - Hong Kong-based activist
investor Oasis Management said on Monday it owns more than 3% of
Japanese cosmetics and skincare firm Kao  4452.T . 
    Oasis, which has been pressuring Kao to streamline its brand
portfolio, has been investing in the company for over four years
and actively engaging with the company for the last nine months,
the fund's founder and chief investment officer, Seth Fischer,
told a press conference in Tokyo. 

 (Reporting by Anton Bridge and Makiko Yamazaki; Editing by Tom
Hogue)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))