Tokyo Gas to boost capital efficiency with asset sales, president says
Real Estate
TOKYO : Tokyo Gas aims to enhance capital efficiency by selling underperforming assets, including real estate, its president said on Thursday, following a filing disclosure of a 5 per cent stake investment by U.S. activist investor Elliott Management. Elliott has taken a 5.03 per cent stake in Tokyo Gas, a regulatory filing showed earlier this month, as it seeks to push Japan's biggest city-gas provider to boost shareholder value. Tokyo Gas President Shinichi Sasayama, in a news conference to
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