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Market Closed -
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5-day change | 1st Jan Change | ||
| 4,126 JPY | +0.15% |
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-2.71% | +15.38% |
| 20/05 | Fujitec Reiterates Mid-Term Annual Revenue Growth Target of 8% | MT |
| 14/05 | Fujitec Co., Ltd. Proposes Special Dividend for the Fiscal Year Ended March 31, 2024, Effective June 27, 2024 | CI |
TOKYO (Reuters) - Proxy adviser Institutional Shareholder Services Inc (ISS) has recommended voting for an activist fund's proposal to replace all incumbent outside directors with their own candidates at elevator maker Fujitec Co Ltd.
Hong Kong-based Oasis Management, which owns 16.5% of Fujitec, has sought an extraordinary general meeting to remove all six incumbent outside directors and appoint six new ones nominated by the fund.
ISS backed all the proposals despite Fujitec's opposition, while it recommended voting against the company's proposal to add two new board directors, according to an ISS report seen by Reuters.
(Reporting by Makiko Yamazaki; editing by Jason Neely)
| 1st Jan change | Capi. | |
|---|---|---|
| +15.38% | 2.05B | |
| +14.29% | 27.34B | |
| +3.61% | 26.58B | |
| -3.82% | 6.52B | |
| +3.75% | 2.56B | |
| +14.22% | 2.15B | |
| +11.12% | 1.66B | |
| +87.21% | 1.6B | |
| -99.92% | 1.24B | |
| -9.47% | 992M |
FUJITEC CO., LTD. 
