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OSAKA (Kyodo) An investment fund led by high-profile investor Yoshiaki Murakami has increased its stake in Hanshin Electric Railway Co. to 45.73 percent, according to a report submitted Wednesday to financial authorities.

If the Murakami Fund, as it is known, raises its stake further and crosses the 50 percent line, it would gain strong say over the railway’s management on the basis of its voting rights at shareholders’ meetings.

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