The Japanese shipping group Mitsui O.S.K. Lines, Ltd. (MOL) confirmed it has been contacted by a specific investor, following media reports suggesting that Elliott Investment Management had acquired a stake in the company.

The company officially confirmed the contact with a ‘specific investor’ in a statement released on March 19 regarding recent media reports.

MOL stated that it is committed to timely and appropriate information disclosure and treating all shareholders and investors fairly, in compliance with the Fair Disclosure Rule.

Earlier media reports indicated that the investor involved is Elliott Investment Management.

The full statement of MOL is as follows: “Some media reported that Elliott Investment Management has acquired a stake in Mitsui O.S.K. Lines, Ltd. As reported, it is true that the company has been contacted by a specific investor.

“The company, in compliance with the Fair Disclosure Rule and the principle of equal treatment of shareholders, is committed to timely and appropriate information disclosure and treats all shareholders and investors fairly.

“The company is currently finalizing the MOL Group Corporate Management Plan “BLUE ACTION 2035” Phase 2, which is scheduled to be announced at the end of March, and remains committed to ensuring that this plan contributes to the medium- to long-term enhancement of value for all stakeholders.”