Asset Value Investors Ltd
Asset Value Investors (AVI) launches a campaign calling for Fujitec (TSE6406) to adopt fundamental reforms
Asset Value Investors (AVI), on behalf of institutional clients, is a 3.4% shareholder in Fujitec, a top ten global elevator and escalator manufacturer by revenues.
We have today launched a campaign calling for Fujitec to adopt fundamental reforms after years of poor performance.
Given Fujitec's chronic undervaluation and the huge opportunity to expand margins, adopting these measures should lead to substantial upside for shareholders.
A copy of our letter to Fujitec's Board of Directors and presentation outlining our measures to improve shareholder value can be found by clicking on the following link:
Daniel Lee ( [email protected] )
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.