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24/Nov/2022 – Hibiki Path Advisors sends proposal letter to three major used condominium resalers

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Hibiki Path Advisors (“Hibiki” or “We”), a value-oriented engagement investor, sent our formal letter to the board of Star Mica Holdings Co. Ltd (2975), E’Grand Co. Ltd (3294), and Intellex Co. Ltd (8940) respectively with request measures to revamp corporate value on 24 November 2022.

Above three companies have been the major players in second-hand Condominium revitalization and sales business since early days. Through their respective and unique business wisdom, they have contributed to the Japanese housing market by expanding the supply of quality assured and reasonably priced second-hand condominiums.

This document does not constitute an offer, recommendation or solicitation to buy or sell any security or enter into any other transaction. Hibiki does not purport to provide any investment, financial, legal or other expert advice or recommendation in this document.

【提言書】 (Only in Japanese)
スター・マイカ・ホールディングス株式会社 企業価値向上施策提言書

株式会社イーグランド 企業価値向上施策提言書

株式会社インテリックス 企業価値向上施策提言書

【Press Release】
Business Wire English