Activist investor Oasis sues top executives of Japan's Kusuri No Aoki

Kusuri No Aoki Holdings

12/07/2024 05:06

TOKYO, July 12 (Reuters) - Hong Kong-based activist
investor Oasis Management said on Friday it filed a lawsuit
against Japanese drugstore operator Kusuri No Aoki's  3549.T 
President Hironori Aoki and Vice President Takanori Aoki citing
"serious governance failures".
    Oasis said it was seeking compensation of about 7.2 billion
yen ($45.21 million) in damages. It also urged Kusuri No Aoki
shareholders to vote against the re-election of the two
executives at the forthcoming general shareholders' meeting.  
($1 = 159.2500 yen)

 (Reporting by Kiyoshi Takenaka; Editing by Muralikumar
Anantharaman)
 ((kiyoshi.takenaka@thomsonreuters.com; +81 3 4563 2788;))