Strategic Capital Co., Ltd. Announces Shareholder Proposals to Nippon Steel Corporation and Osaka Steel Co., Ltd. and Planned Launch of Special Website on the Proposals
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Strategic Capital (SC) announced its intention to submit shareholder proposals to Nippon Steel Corporation and its listed subsidiary, Osaka Steel Co., Ltd., to be exercised at their upcoming ordinary general meetings in June. For Nippon Steel, SC proposes establishing a committee to review listed subsidiary strategies, and for Osaka Steel, it proposes a share buyback from specific shareholders and an 8% DOE dividend.