China's Government Seventh Largest Stockholder Of Honda
The Honda share is edging closer and closer to its 2009 carmageddon lows. And guess who knows a good bargain when they see one? The Chinese. The Nikkei [sub] reports that a “stealth” Chinese fund has emerged as a major shareholder in Honda.
The shadowy investment fund named OD05 Omnibus, which that Nikkei believes “to have ties to the Chinese government,” owned a 2.12 percent stake as of the end of September, and was Honda’s seventh largest stockholder. That fund is snapping up Japanese companies like a Shanghai nouveau riche on a Ginza shopping spree. The Nikkei sees OD05 Omnibus listed as a major shareholder in 123 Japanese firms at the end of March. It already owns 1.17 percent of Nissan.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
More by Bertel Schmitt