TOKYOJune 28 (News On Japan) – The proposal to sell shares in Oriental Land was rejected at the shareholders’ meeting of Keisei Electric Railway, despite the urging of a British investment fund.
On June 27, a concentrated day for shareholder meetings, 668 companies listed on the Tokyo Stock Exchange held their meetings, accounting for about 30% of all listed companies.
The focus was on the actions of ‘activist shareholders’. According to Sumitomo Mitsui Trust Bank, as many as 91 companies received a shareholder proposal to revise their management structure.
Among them, Keisei Electric Railway faced a proposal from a British investment fund to sell its shares in Oriental Land. Oriental Land is the operator of Tokyo Disney Resort and the investment fund argued that owning the shares does not contribute to the growth of Keisei Electric Railway. However, the proposal was rejected by a majority vote.
Source: ANNE
