Japan Pure Chemical (TYO:4973) said Hibiki Path Advisors SPC became a major shareholder after acquiring a 13% stake, according to a Tuesday filing on the Tokyo Stock Exchange.
The Cayman Islands-based investor held 768,300 shares, or 7,683 voting rights, as of Jan. 30. Hibiki Path Advisors Pte. Ltd., previously the largest shareholder, reduced its stake to 9% from 21%.