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Toshiba investor 3D hails shareholders’ rejection of separation plan -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Toshiba Corp.’s logo can be seen at its facility in Kawasaki Japan, June 10, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Singapore’s 3D Investment Partners was pleased to hear that Toshiba Corp (OTC) Corp’s shareholders opposed the Japanese conglomerate’s plan for separation, according to the fund on Friday.

According to the fund, it requested that Toshiba’s strategic review committee immediately examine all of the company’s options.

This statement was made just days after an extraordinary general assembly rejected competing proposals from Toshiba management. The other proposal, backed by activist shareholders had been defeated. It leaves the company uncertain about its future.

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