TOKYO -- Kao's shareholders rejected proposals submitted by Hong Kong-based activist investor Oasis Management on Friday, though the Japanese consumer goods group faces pressure to accelerate its global expansion to keep them on its side.
Japanese consumer products group says its global strategy has support

Hong Kong-based Oasis Management nominated five outside directors for Kao, but all were rejected at the general shareholders meeting on March 21. (Photo by Ryota Nishiyama)
TOKYO -- Kao's shareholders rejected proposals submitted by Hong Kong-based activist investor Oasis Management on Friday, though the Japanese consumer goods group faces pressure to accelerate its global expansion to keep them on its side.