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  "documentTitle": "Unizo Holdings Company (3258.T)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Advisors",
  "documentKindSlug": "shareholder-letter",
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  "presentationDate": "2019-10-09 00:00:00",
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  "notes": "This is page 3 of a shareholder letter, continuing a list of questions and concluding with a formal demand for answers.",
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      "text": "We believe all Unizo shareholders deserve clear and comprehensive answers to these questions.",
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      "text": "(2) What are the positions and other details of Unizo employees who will invest in the Employee etc., Company, and who other than Unizo employees will invest? The plan entails an extremely high risk of conflicts of interest.",
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      "text": "Sincerely, Elliott Advisors (HK) Limited",
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      "text": "As these questions indicate, we are highly concerned about the lack of disclosure and the risk of conflicts of interest that have appeared in Unizo's handling to date of the tender offer bids from HIS and Sapporo. We believe all Unizo shareholders deserve clear and comprehensive answers to these questions. No answers, or answers that do not directly address shareholders' concerns, will only deepen the misgivings that shareholders are starting to have. We expect your answers will be forthcoming promptly.",
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      "text": "We believe that under Fair M&A Guidelines — Enhancing Corporate Value and Securing Shareholders' Interests (METI, 29 June 2019) and similar measures, it is necessary to establish a mechanism for excluding any direct or indirect investment by your company's officers in the company or any de facto influence. Please provide details of measures you have taken in this regard.",
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