TOKYO -The Japanese construction company targeted for takeover by the family office linked to Nintendo Co's founder is pushing back against the fund and has asked the government to investigate alleged breaches of foreign ownership rules. Toyo Construction Co, the marine construction company now 27 percent owned by Yamauchi-No.10 Family Office (YFO), made the request to the government this month, according to a letter seen by Reuters. The move by Toyo, which maintains port facilities and constructs seawalls and other key parts of infrastructure, show how rules over national security can increasingly play a role in takeover battles.

https://business.inquirer.net/393414/takeover-target-of-nintendo-family-office-asks-for-japan-government-probe

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