S’pore fund is top Toshiba shareholder

TOKYO: Singapore-based fund Effissimo, established by former colleagues of Japan’s most famous activist investor Yoshiaki Murakami, has become the largest shareholder in Toshiba Corp with an 8.14 per cent stake, a regulatory filing showed yesterday. It is also the largest shareholder in shipper Kawasaki Kisen Kaisha Ltd, office equipment maker Ricoh Co Ltd and electronics retailer Yamada Denki Co Ltd. Its purchase of Toshiba shares is worth 65 billion yen (RM2.58 billion).