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Toshiba investor urges board to take three critical actions before annual meeting


Toshiba Corp investor 3D Investment Partners is pushing the Japanese firm’s board to take a trio of actions earlier than its annual common assembly, together with looking for curiosity from buyout companies.

In a letter to the corporate’s board on Wednesday, the Singapore-based fund additionally requested Toshiba to reveal a mid-range plan that displays alternative and seek the advice of with shareholders over the board’s composition.

3D owns a 7.6% stake in Toshiba, in keeping with knowledge from Refinitiv.

The letter comes after almost 60% of Toshiba shareholders voted in March in opposition to a plan to spin off its units enterprise.

3D’s separate name for a private-equity buyout was rejected final month by simply in need of 55% of shareholders who voted.

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