<article><div class="font-roboto regular line-height-1-5 story-copy color-black-2 f4 mb20" dir="auto" data-qa-component="item-story" data-rc-highlight="story">
<p><span class="highlight" data-qa-component="highlight-text">Japan </span><span class="highlight" data-qa-component="highlight-text">Asia </span><span class="highlight" data-qa-component="highlight-text">Group </span>(JAG) said on Monday it would issue new shares to existing shareholders to dilute a stake held by a fund backed by veteran activist investor Yoshiaki Murakami.</p></article>

City Index Eleventh flagged a second bid to buy the firm and said it could boost its stake close to 33% before launching the bid.

Japan Asia Group to dilute stake held by Murakami-backed fund with new share issue

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

You may also like

Global PE firm Carlyle withdraws bid for Japan Asia Group

Carlyle raises offer to acquire Japan Asia Group to $463m

Read more from Rest of Asia

Japan’s Wada FoodTech bags $5m to expand food service platform

Japan’s Dai-Ichi Life to take 15% stake in British insurer M&G