Dalton Investments Submits Shareholder Proposal to Trancom
February 03, 2022 at 12:00 am EST
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On February 3, 2022, Dalton Investments LLC announced proposals according to circumstances: (i) in order to avoid potential conflicts of interest, seeking a more transparent management system and requesting the appointment of independent directors who respect the opinions of minority shareholders in general, (ii) changes in dividend policy such as increase in dividend to improve stock value, changes to capital policy such as own stock purchase, (iii) and any other reasonable measures that other submitters believe will lead to an increase in shareholder value of the Company, etc.
TRANCOM CO., LTD. is a Japan-based company mainly engaged in the provision of logistics business of client companies and the construction and operation of logistics network. The Company operates through three business segments. The Logistics Management business is engaged in the lump-sum commissioning of logistics functions of client companies and the operation of distribution centers. The Logistics Information Service business is engaged in the provision of empty vehicle information and cargo-requesting matching information and trunk transportation. The Industrial Support business is engaged in the provision of production contracting and temporary staffing services. The Company is also engaged in vehicle maintenance and non-life insurance agency, truck leasing and maintenance management, production contracting, overseas logistics and information system development.