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Toshiba says 3D drops part of proposal on articles of incorporation

Published 02/22/2022, 12:14 AM
Updated 02/22/2022, 12:15 AM
© Reuters. FILE PHOTO: Pedestrians walk past a Toshiba Corp logo outside an electronics retailer in Tokyo, Sept. 14, 2015. REUTERS/Toru Hanai

© Reuters. FILE PHOTO: Pedestrians walk past a Toshiba Corp logo outside an electronics retailer in Tokyo, Sept. 14, 2015. REUTERS/Toru Hanai

TOKYO (Reuters) - Japan's Toshiba (OTC:TOSYY) Corp said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal.

© Reuters. FILE PHOTO: Pedestrians walk past a Toshiba Corp logo outside an electronics retailer in Tokyo, Sept. 14, 2015. REUTERS/Toru Hanai

Last week, Toshiba said it planned an extraordinary general meeting of shareholders for March 24 to seek initial approval to hive off its devices business.

The firm 3D Investment Partners is based in Singapore.

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