TOKYO (Reuters) – Singapore-based fund 3D Investment Partners is pleased that shareholders of Toshiba (OTC:TOSYY) Corp rejected the Japanese conglomerate’s separation plan, the fund said on Friday.
In a statement, the fund called for Toshiba’s strategic review committee to immediately re-examine all the company’s options.
The statement came a day after an extraordinary general meeting voted down competing proposals, one from Toshiba management and another backed by activist shareholders, leaving uncertain the future direction of the embattled company.
Source : Reuters