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Foreign fund 'not satisfied' after Kyushu Railway refuses proposals

Activist Fir Tree says shareholders are unhappy about undervalued shares

A Kyushu Railway bullet train in Kumamoto Prefecture, western Japan (Photo by Kosaku Mimura)

TOKYO -- New York-based hedge fund Fir Tree Partners says it is "not satisfied" with Kyushu Railway, after it refused the activist fund's shareholder proposals, which included a 10% buyback of company shares.

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