Company related to Mr. Murakami Masaaki Dismissal of President Leopalace21 Request for General Meeting of Shareholders December 27 20:38
For Leopalace21, whose construction is inadequate such as the construction of an apartment building, an investment company following the flow of the former Murakami fund will hold an extraordinary general meeting of shareholders to propose the removal of all 10 directors, including the president. Charged.
The extraordinary general meeting of shareholders was requested by the Tokyo investment company Reno, which involved former Murakami Fund Masaaki Murakami, who once talked about being a talkative shareholder. We own over 14% of our stock.
Reno will hold an extraordinary general meeting of shareholders within eight weeks to make a shareholder proposal to dismiss all 10 directors including President Fumiya Miyao and to appoint three directors recommended by Reno. Requested to open.
Leopalace21 was found to be inadequate in construction, for example, where the fire-resistant structure of the apartment did not meet the legal standards, and as a response to this problem, the cost of repair work increased, and business performance deteriorated.
Regarding the reasons for this claim, Reno says that bold renewal of management is essential, as the company's response to the problem of construction deficiencies has been delayed from the initial plan and the business performance has been repeatedly revised downward.
In response, Leopalace21 states, "We will carefully disclose the details of the request and, as soon as it is decided, disclose the Company's philosophy and response policy as soon as possible."