A major shareholder of Toshiba and a Singapore-based asset management company released a letter to Toshiba on the 26th requesting a review of its management strategy.
It encourages consideration of measures to improve corporate value, including the privatization of shares proposed by a UK-based investment fund.
It was proposed to Toshiba that the UK-based investment fund "CVC Capital Partners" would buy the shares and make them private, speeding up management.
In response, Toshiba announced on April 19 that it had received a letter from CVC to suspend consideration of the acquisition, saying that it would be impossible to evaluate the proposal.
Under these circumstances, Singapore-based asset management company "3D Investment Partners", a major shareholder holding more than 7% of Toshiba's shares, sent a letter to Toshiba's management requesting a review of its strategy. I made it clear.
Among them, Toshiba stated that it "continues to be undervalued in the capital market," and widely solicited strategic acquisition proposals, including the privatization of shares as temporarily proposed by CVC. We encourage you to consider ways to improve it.