Toshiba’s main shareholder says there is no question of whether Reuters supports the breach
[ad_1]
TOKYO (Reuters) – Toshiba (OTC 🙂 Corp’s largest investor, Effissimo Capital Management, said on Saturday it had not decided whether to approve plans to split the Japanese industrial conglomerate into three companies.
Toshiba announced plans to split into three companies on Friday, trying to appease shareholder activists by calling for a radical overhaul of the Japanese conglomerate after years of scandals.
Effissimo in Singapore, which has a 9.9% stake in Toshiba, issued a statement when a Japanese announcer mentioned a source linked to Effissimo that the funds would not accept the plans.
The fund will decide its position at an extraordinary Toshiba shareholders ’meeting next year,“ following the analysis of the reported information and honest reflections based on its commitment to the company, ”the statement said.
Toshiba declined to comment on the Effissimo statement. “We hope to hear the honest opinions of the shareholders after explaining them well, to seek their understanding of the plans,” he said in an emailed note.
Fusion Media or anyone involved with Fusion Media will not be liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in the financial markets, which is one of the most risky forms of investment possible.
[ad_2]
Source link
