logo
Astellas CEO Says Engaging With Activist Investor Farallon

Astellas CEO Says Engaging With Activist Investor Farallon

Bloomberg07-05-2025

By and Yui Hasebe
Updated on
Save
Astellas Pharma Inc. will continue to engage with Farallon Capital Management, an activist investor that's built a stake in the Japanese drugmaker, Chief Executive Officer Naoki Okamura said, adding that he's 'pleased that one of our investors sees potential value' in the company.
'Ultimately, all shareholders want to increase corporate value and we share the exactly the same mission,' Okamura told Bloomberg TV in an interview, declining to give details of the discussions with Farallon. 'We receive various proposals from shareholders, and if we see something that will indeed contribute to enhancing our corporate value, then of course we are willing to accept it.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Taiwan Life Insurers' $700 Billion Bet on the US Is Backfiring
Taiwan Life Insurers' $700 Billion Bet on the US Is Backfiring

Bloomberg

time11 minutes ago

  • Bloomberg

Taiwan Life Insurers' $700 Billion Bet on the US Is Backfiring

For decades, Taiwan's life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets. Unlike insurers in other countries like Japan where diversification is the norm, Taiwanese firms have more than 90% of their overseas assets denominated in the dollar. This puts them at risk of a long-term decline in the US currency as the appeal of American exceptionalism wanes.

TradeCafe Appoints Flexport and PayPal Veteran Huey Lin to Board as Company Accelerates Global Expansion
TradeCafe Appoints Flexport and PayPal Veteran Huey Lin to Board as Company Accelerates Global Expansion

Business Upturn

time33 minutes ago

  • Business Upturn

TradeCafe Appoints Flexport and PayPal Veteran Huey Lin to Board as Company Accelerates Global Expansion

Guadalupe, June 10, 2025 (GLOBE NEWSWIRE) — Guadalupe, Nuevo León – Toronto, Canada – June 10, 2025 – TradeCafe, a global marketplace transforming how the global spot market for physical agri-commodities transacts, today announced the appointment of Huey Lin to its Board of Directors. Lin brings rare expertise at the intersection of global logistics and fintech from leadership roles at Flexport, Affirm, and PayPal. The appointment comes at a pivotal moment for TradeCafe as the company accelerates its mission to digitize the traditionally opaque and fragmented agri-commodity trading ecosystem. With global food security and supply chain resilience becoming increasingly critical, TradeCafe's platform addresses fundamental inefficiencies in how agricultural products move from producers to consumers worldwide. The company's technology-enabled approach is particularly vital as climate volatility and geopolitical tensions continue to impact global food supply chains, creating unprecedented demand for transparent, efficient trading solutions. Adding Lin to the board strengthens TradeCafe's board as the company expands its digital footprint and advances toward its next rounds of funding. Lin currently serves on the boards of the Singapore Exchange (SGX), Hang Seng Bank, and fintech unicorn Nium, bringing deep governance experience from both established institutions and high-growth technology companies. Her multi-market perspective spans Asia-Pacific and North American markets, providing invaluable insights for TradeCafe's global expansion strategy. Lin's appointment brings critical operational expertise from the intersection of global logistics and fintech. As President of Flexport Asia she scaled the company's most strategic and fastest-growing region and helped build technology-enabled supply chain solutions that revolutionized freight forwarding. At Affirm, she pioneered new financial products as a founding executive and COO, contributing to the company's transformation of consumer lending. Her foundation in payments innovation began at PayPal, where she was one of the first product managers driving international expansion during the company's formative years. Currently, Lin is an active angel investor and advisor to companies ranging from pre-seed to high-growth stages, with a particular focus on supply chain innovation and financial infrastructure. 'We're thrilled to welcome Huey to the TradeCafe board,' said Nicholas Walker, CEO of Bassett & Walker Inc., and Director of TradeCafe. 'Her rare blend of operational depth and strategic foresight, from scaling cross-border operations at Flexport to driving transparency at PayPal and Affirm, aligns perfectly with our mission to transform the global protein trade. Her insights will be instrumental as we expand our digital marketplace.' 'TradeCafe is revolutionizing how physical agri-commodities are traded in spot markets the way PayPal transformed payments,' said Lin. 'I'm excited to help build infrastructure that makes global agri-commodity trading more efficient, transparent, and accessible for everyone.' Lin's appointment signals TradeCafe's ambition to become the de facto clearinghouse for the $2 trillion global spot transaction market for physical agri-commodities, using technology to provide the transparency and efficiency currently missing in this industry. About TradeCafe TradeCafe is a forward thinking technology-driven global marketplace where buyers and sellers in the global spot transaction market for physical agri-commodities execute, finance, and fulfill transactions seamlessly. Having facilitated over $3 billion in transactions to date across more than 80 markets, TradeCafe is rapidly becoming the trusted infrastructure for spot agri-commodity trading. The platform's comprehensive suite of tools includes price discovery, transaction management, and end-to-end fulfillment and logistics capabilities. Learn more at Media Contact: John DietrichHead of MarketingTradeCafe [email protected] +1 647-278-9269

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store