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Toshiba investor 3D hails shareholders’ rejection of separation plan – Metro US

Toshiba investor 3D hails shareholders’ rejection of separation plan

FILE PHOTO: Toshiba Corp’s is seen at the company’s facility
FILE PHOTO: Toshiba Corp’s is seen at the company’s facility in Kawasaki

TOKYO (Reuters) – Singapore-based fund 3D Investment Partners is pleased that shareholders of Toshiba 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.

(Reporting by Rocky Swift; Editing by Clarence Fernandez)

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