Palliser Capital Commends the Initial Reduction in Keisei's OLC Stake; Looks Forward to Working with Keisei Management on Further Steps to Unlock Value [Yahoo! Finance]
ORIENTAL LAND CO LTD ADR (OLCLY)
NASDAQ:AMEX Investor Relations:
olc.co.jp/en/ir.html
Company Research
Source: Yahoo! Finance
JT) ("Keisei" or the "Company") with a stake of 1.6% commends Keisei's decision to reduce the size of its stake in the Oriental Land Company ("OLC") and is encouraged that the capital released will be used to bolster shareholder returns and fund strategic and growth initiatives. Palliser believes this marks a pivotal change in the strategic direction of the Company, but that further action is needed to resolve the accounting distortion that arises from maintaining an outsized stake in OLC, which masks Keisei's true price-to-book ratio that remains materially below 1.0x. Palliser looks forward to continuing its ongoing constructive engagement with Keisei's management team to implement additional near-term measures to unlock the Company's intrinsic value for all its stakeholders, including further OLC disposals, enhanced capital allocation, and improved corporate governance and investor communication. Full details of Palliser's presentation on unlocking and catalyzing growth at Ke
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