FILE PHOTO: The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon
March 17, 2022
(Reuters) – Raymond Zage, an independent director of Japanese conglomerate Toshiba Corp, will vote for a resolution seeking additional work towards a possible privatisation exercise, he said in a statement on Thursday.
The March 24 shareholder vote on Toshiba’s plan to split in half will be a key moment in a long-running battle between management of the once-mighty technology company and its growing number of foreign shareholders.
“Some level of additional information could be provided to shareholders for the purposes of comparing a potential privatisation with the potential value of the proposed spin off plan,” Zage said in the statement.
(Reporting by Sakura Murakami; Editing by Clarence Fernandez)
Source: One America News Network
