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Activist Oasis calls on Japanese cosmetics company Kao to remove underperforming brands

TOKYO: Hong Kong-based activist investor Oasis Management said on Thursday it would launch a campaign against Japanese cosmetics and skincare company Kao Corp, demanding that the company remove underperforming brands.

“If Kao focused on its cosmetics, health and beauty segments and improved its marketing, Oasis estimates its stock price would exceed 10,000 yen per share, an increase of 76 percent from current levels,” the company said. hedge fund investor in a press release.

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