Palliser's Smith urges sales of holdings at Tokyo Tatemono, stock could jump
Real Estate
NEW YORK : Palliser Capital is urging Tokyo Tatemono to sell off certain holdings and enhance governance, arguing these changes could help the Japanese real estate company's share price climb by at least 65 per cent. The company, which develops, sells and manages buildings, currently trades at a "45 per cent discount to its net asset value," Palliser's founder and Chief Investment Officer James Smith said at the 13D Monitor Active Passive Investment Summit in New York. It is significantly
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