Leopard Asset Management Expresses Concerns Over Sun Corporation's Lack of Action to Enhance Shareholder Value
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Sun’s shares have been consistently undervalued in the market, trading well below its intrinsic value. Sun’s main asset is its
Despite our repeated attempts to engage with Sun’ management to address the undervaluation, including a meeting and sending follow-up letters emphasizing the need for enhanced shareholder value, our efforts have been met with limited responsiveness.
LAM believes that Sun could significantly improve shareholder value by distributing CLBT shares as a dividend in kind, alongside providing an extra cash dividend to shareholders. LAM believes Sun’s cash, investment in securities and holdings in CLBT are worth more than
LAM urge Sun's management to reconsider its stance and take decisive action to address shareholder concerns promptly. Failure to do so risks further erosion of shareholder confidence and continued undervaluation of the company's shares, and call for Sun’s shareholders to demand decisive actions from management.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240325941846/en/
Ophir Dortheimer
info@leopard-mgmt.com
Source: Leopard Asset Management Ltd.