Singaporean fund “Effissimo” sued Nissan Shatai to stop loans to a controlling company

Singaporean investment fund Effissimo Capital Management Pte. has filed a legal complaint against Nissan Shatai Co. which is Nissan Motor Co. group firm and loans to group firms with low interest.

Effissimo is major shareholder of Nissan Shatai.

In Japan, to list controlled company is not uncommon, so it is said that minor shareholders’ interest are deprived by controlling company in such listed controlled company.

It seems that Effissimo’s sue is revolt of minor shareholders.