RIYADH: The Saudi-Japan Vision 2030 ministerial meeting was a major step forward in strengthening the historical relations between the two countries, the Saudi minister of investment has told a business seminar.
Speaking at the Saudi-Japan Vision 2030 Business Forum webinar on Tuesday, Khalid Al-Falih pledged commitment to the next phase of the initiative and pointed out that Japan had been an important economic partner of the Kingdom for many decades.
Since launching the Saudi Vision 2030 reform plan in 2016, the Kingdom had directly embarked on achieving its goals by emphasizing the important role that foreign investments played in the country, the minister said.
Activist fund Strategic Capital extends hostile bid for Japanese realty firm
Kabukicho, Tokyo, Japan. Photo: Fabrizio Chiagano Premium
Activist fund Strategic Capital said it has extended its hostile bid for Japanese property firm Keihanshin Building without sweetening the terms as the shares fell to the level of the bidding price.
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3 Min Read
TOKYO (Reuters) - Activist fund Strategic Capital said it has extended its hostile bid for Japanese property firm Keihanshin Building without sweetening the terms as the shares fell to the level of the bidding price.
Strategic Capital, set up by Tsuyoshi Maruki, who used to work with Japanese prominent activist investor Yoshiaki Murakami, said recent gains in Keihanshin’s stock price were only driven by the expectation for a higher bid.
Last month it launched a 1,900 yen ($18.42) per share bid to boost its stake to 30% in Keihanshin, which owns office and retail buildings as well as data centres mainly in the Osaka region.
3 Min Read
TOKYO (Reuters) - Activist fund Strategic Capital said it has extended its hostile bid for Japanese property firm Keihanshin Building without sweetening the terms as the shares fell to the level of the bidding price.
Strategic Capital, set up by Tsuyoshi Maruki, who used to work with Japanese prominent activist investor Yoshiaki Murakami, said recent gains in Keihanshin’s stock price were only driven by the expectation for a higher bid.
Last month it launched a 1,900 yen ($18.42) per share bid to boost its stake to 30% in Keihanshin, which owns office and retail buildings as well as data centres mainly in the Osaka region.
Non-bank enters Japanese market with RMBS deal By Malavika Santhebennur 16 December 2020
Resimac has entered the Japanese capital markets with a $1-billion RMBS deal, which comprises the lender’s fourth transaction for 2020.
The non-bank lender has announced the financial close of Resimac Premier Series 2020-3, which is the first residential mortgage-backed securities (RMBS) transaction under its program to offer a yen-denominated tranche.
According to Resimac, this transaction (under which the yen denominated tranche is a Class A1 soft-bullet security type tranche) would form a part of its commitment to broader investor participation.
Commenting on the RMBS deal, Resimac group treasurer Andrew Marsden said: “This is a milestone transaction for Resimac. The inaugural yen securitisation creates new access to the Japanese capi