oasis condemns dic corp rothko seagram murals relocation 1234738664

Hong Kong-based activist fund Oasis Management has publicly condemned Japanese chemical company DIC Corporation for relocating the Kawamura Memorial DIC Museum of Art to the International House of Japan (IHJ), a private members' club in Tokyo. The move includes seven of Mark Rothko's "Seagram Murals" and other valuable artworks. Oasis, a major shareholder in DIC Corp, accuses the company's chairman, Yoshihisa Kawamura, of attempting to transfer assets to an inner circle and has urged shareholders to vote against CEO Takashi Ikeda and support governance reforms.