◆June 11th, 2024
INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP and Strategic Capital, Inc. (hereinafter referred to as the “SC”) holds approx. 32% of the voting rights of DAIDOH LTD. (hereinafter referred to as “DAIDOH”).
Daidoh has published the press release on June 7 titled “Our View on the Materials Published by Strategic Capital”, which refute the materials titled ” Re: Candidates for the Board of Directors proposed by DAIDOH LTD (3205)” and “Regarding the Shareholder Proposal to DAIDOH LTD. (TSE: 3205)” disclosed by Strategic Capital on May27 and 29 respectively.
Daidoh’s current management team and the new representative director candidates have not only responded to SC’s proposals and concerns in an ad hoc manner, but also have even gone so far as to go back on their words.
In addition, since SC is not planning an acquisition, Daidoh’s criticism, which cites the ” Guidelines for Corporate Takeovers ” published by METI last August, is off the mark.
SC’s view on Daidoh’s rebuttal is as follows.
