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GMO Internet Inc (9449.T)

9449.T on Tokyo Stock Exchange

2,534JPY
3:29am BST
Change (% chg)

¥21 (+0.84%)
Prev Close
¥2,513
Open
¥2,516
Day's High
¥2,557
Day's Low
¥2,516
Volume
235,600
Avg. Vol
1,297,206
52-wk High
¥3,030
52-wk Low
¥1,269

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Fri, Jan 19 2018

UPDATE 1-HK activist Oasis calls on GMO Internet to strengthen governance

* Oasis holds 5 pct of GMO Internet's shares (Updates with market reaction, comments from GMO)

Nikkei edges up helped by financials; GMO soars

TOKYO, Jan 19 Japan's Nikkei share average edged up on Friday morning with financial stocks leading the gains after U.S. yields rose, while GMO Internet soared after an activist fund called on the company to abolish its takeover defences and reduce the power of its founder.

HK activist Oasis calls on GMO Internet to strengthen governance

TOKYO, Jan 19 Hong Kong-based activist investor Oasis Management Company has proposed that Japanese internet and cryptocurrency firm GMO Internet reduces the power of its founder and abolishes its takeover defences.

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