January 27, 2017
Letter to SMC management
Raises new question about SMC’s finances
Asks SMC to provide clarification at financial results announcement in February
Well Investments Research (“WIR”) has announced that on January 16, 2017 it sent a letter to seven members of SMC Corporation (TSE: 6273, “SMC”), namely the representative director and chairman, representative director and president, executive managing director, outside directors, and outside corporate auditors.
WIR asked SMC to respond to the letter by January 20, 2017. WIR is now making the letter public in response to SMC’s failure to respond to the points raised or provide any clarification.
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[media-downloader media_id=”481″ texts=”Letter to SMC”]