DAX ®9.525,77-0,47%TecDAX ®2.561,99-0,06%S&P FUTURE2.482,70-1,35%Nasdaq 100 Future7.522,75-1,38%
finanztreff.de

BUSINESS WIRE: Franchise Partners Outlines Opportunities for Value Creation at Kirin Holdings

| Quelle: Business_Wire | Lesedauer etwa 3 min. | Text vorlesen Stop Pause Fortsetzen

MITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS BERICHTENDE UNTERNEHMEN VERANTWORTLICH.

  • Calls for independent review and reversal of diversification strategy
  • Sees potential to reduce substantial conglomerate and capital allocation discounts by refocusing on core beer markets
  • Proposes disposal of stakes in publicly listed, non-core holdings in Kyowa Kirin Co., Ltd and FANCL Corporation
  • Raises questions about Company’s proposed overhaul of its board
  • Submits shareholder proposals for upcoming Annual General Meeting

LONDON (BUSINESS WIRE) 18.02.2020

Independent Franchise Partners, LLP (“Franchise Partners”) today launches a website to outline the overlooked value in Kirin Holdings Company, Limited (“Kirin” or “the Company”) (TSE: 2503) and to call for a reversal of its diversification strategy.

Franchise Partners has held a position in Kirin since September 2014 based on its view of the fundamentally attractive collection of beer assets in Japan, Australia, Myanmar and the Philippines. The value of these assets is obscured by substantial non-core holdings in the pharmaceutical, bio-pharmaceutical, and skincare industries.

Over the past 5 years, Franchise Partners has engaged with the Company’s management and board to encourage them to take practical steps to close the significant conglomerate and capital allocation discounts that are reflected in Kirin’s valuation.

To this end, Franchise Partners has submitted proposals for shareholder consideration at the forthcoming Annual General Meeting for Shareholders. These proposals aim to strengthen Kirin’s corporate governance practices, to better align management compensation with shareholder value creation, and to unlock value via disposing of the stakes in non-core assets and returning proceeds to shareholders via share buyback.

Franchise Partners notes that Kirin has proposed substantial changes to its board for consideration at its upcoming AGM. Franchise Partners is encouraged that Kirin appears to acknowledge the need to overhaul its board. While the Company’s four candidates appear to meet the technical standard for independence, three of them are financially affiliated with Kirin. Shareholders have reason to question whether these candidates will be allowed to offer genuine oversight of Kirin management or to ask fundamental questions about the current strategy and capital allocation priorities.

Franchise Partners believes there are clear paths available to create a more valuable and sustainable Kirin that will serve the long-term interests of all of its stakeholders. Franchise Partners encourages fellow shareholders to present their concerns about the Company’s conglomerate “bridging strategy” directly to Kirin management.

A full presentation is available at www.abetterkirin.com.

***

For English speaking queries
Independent Franchise Partners, LLP
Switchboard: +44 (0)207 495 9070
abetterkirin@franchisepartners.com

For Japanese speaking queries
International Financial Consulting (IFC)
Takee, Takasugi
Tel: +81-3-5532-8921

Werbung

Das könnte Sie auch interessieren

Weitere Nachrichten

Quelle: Business_Wire
04.04. BUSINESS WIRE: Piper Sandler perfeziona l'acquisizione di The Valence Group, prestigiosa banca specializzata in investimenti nell'industria chimica
04.04. BUSINESS WIRE: Piper Sandler schließt Akquisition von marktführender Chemikalien-Investmentbank, The Valence Group, ab
03.04. BUSINESS WIRE: BitHull überholt den ASIC-Markt mit neuen FPGA-Minern BTC/CHF 6.521,2950 +7,0750%
03.04. BUSINESS WIRE: BitHull supera il mercato ASIC con i nuovi minatori FPGA BTC/CHF 6.521,2950 +7,0750%
03.04. BUSINESS WIRE: Lemonade debutta nei Paesi Bassi
03.04. BUSINESS WIRE: Il trattamento antivirale di Celltrion contro la malattia da COVID-19 entra nella prossima fase di sviluppo
03.04. BUSINESS WIRE: Lemonade startet in den Niederlanden
03.04. BUSINESS WIRE: COVID-19-Antiviralbehandlung von Celltrion geht in die nächste Entwicklungsphase
03.04. BUSINESS WIRE: Neue Visualisierungen von Airship Journeys bieten bahnbrechende Einfachheit für perfekte kanalübergreifende Kundenerlebnisse
03.04. BUSINESS WIRE: Gothaer: Erfolgreiches Geschäftsjahr 2019 und große Solidarität in der Corona-Krise
Rubrik: Finanzmarkt
08:55 Wochenausblick DAX: Weitere Bodenbildung oder neues Abrutschen? MDAX ® 20.345,74 -0,70%
04:50 dpa-AFX KUNDEN-INFO: Impressum
04:50 dpa-AFX KUNDEN-INFO: Finanzanalysen in den dpa-AFX Diensten
04.04. Mutmaßliche Daimler-Erpressung: Haftbefehl gegen Hauptverdächtigen
04.04. VIRUS/Gouverneur: New York steuert in Corona-Krise auf Gipfelpunkt zu
04.04. VIRUS: Walmart führt Einbahnstraßen-Verkehr im Supermarkt ein
04.04. VIRUS/GESAMT-ROUNDUP: Beschränkungen werden weitgehend eingehalten
04.04. dpa-AFX-Überblick: UNTERNEHMEN - Die wichtigsten Meldungen vom Wochenende
04.04. dpa-AFX Überblick: KONJUNKTUR - Die wichtigsten Meldungen vom Wochenende
04.04. IRW-News: Mota Ventures Corp. : Mota Ventures verzeichnet 20.000 Kunden im März und lanciert neue Immune Support-Produktlinie

News-Suche

Suchbegriff:

Aktuelle Videos

HSBC Trading TV

Werbung

Trading-Tipp

Börsen & Märkte

US-Marktüberblick

zur Mediathek
Werbung

Werbung
Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook oder Twitter
Wenn Sie auf die Teilen-Buttons klicken und sich bei den Betreibern einloggen, werden Daten an den jeweiligen Betreiber übermittelt. Bitte beachten Sie die Datenschutzerklärung.
Aktuelle Umfrageschliessen
Wie, glauben Sie, wird der DAX am Ende dieser Woche - KW 15 - stehen?
Jetzt abstimmen!
Alle Umfragen ansehen