Regarding Toshiba's unusual plan to split the company into three, it was found that the asset management company of major shareholders is requesting an extraordinary general meeting of shareholders to ask the pros and cons of shareholders.
The major shareholder has expressed opposition to the plan, but said that if there was a lot of other opposition, the plan should be withdrawn.
The extraordinary shareholders' meeting was requested by Singapore-based asset management company "3D Investment Partners," a major shareholder who is believed to hold about 7% of Toshiba's shares.
The major shareholder is calling on Toshiba, which has announced plans to split the company into three, to hold an extraordinary shareholders' meeting.
Furthermore, in order to ask the approval or disapproval of shareholders, the company will submit a "Proposal for Amendment to the Articles of Incorporation" that will include the plan for this three-part split in the company's Articles of Incorporation.
The proposal to amend the Articles of Incorporation will be rejected by more than one-third of the shareholders who disagree, but if the major shareholder has already expressed his intention to oppose Toshiba's plan and there are many other oppositions, The plan should be withdrawn.
On the other hand, Toshiba also plans to hold an extraordinary general meeting of shareholders by March to confirm the intentions of shareholders regarding this plan, but has not disclosed the specific method.
Regarding the request of the major shareholders this time, Toshiba commented, "We are scrutinizing the content."