Former Murakami Fund investment company Leopalace's proposal to dismiss all directors Withdrawal January 28 17:32

An investment company that follows the flow of the former Murakami fund over the management of Leopalace 21 where construction defects such as apartments built are a problem, announced that it will withdraw a shareholder proposal to dismiss all 10 directors including the president . However, the Leopalace is considering appointment of one director recommended by the company.

Reno, a Tokyo investment company involving former Murakami Fund Mr. Murakami Seika, said to Leopalace that business performance has continued to deteriorate due to problems with the construction of apartments, etc. He requested that three directors be recommended by the company.

Reno said on Wednesday that it would withdraw the proposal to remove all directors and revise the proposal to recommend only one director.

Leno will seriously consider management reform proposals, in addition to announcing that Leopalace will hold an extraordinary general meeting of shareholders on March 27, and propose to appoint two new outside directors. It is because the posture was shown.

Leopalace, meanwhile, said that it would hold an extraordinary general meeting of shareholders as scheduled, and is considering whether to oppose the appointment of one director, which Reno will continue to propose.