TOHO HOLDINGS CO.,LTD. [8129.T]
TOKYO, Apr 28 (Pulse News Wire) – Toho Holdings CO.,LTD. (8129.T) disclosed plans to seek shareholder approval to implement defensive measures against a major share purchase by 3D Investment Partners Pte.
Ltd. The company's board concluded that the potential impact on its enterprise value and shareholders' interests justifies such actions based on the conduct described in 3D’s tender offer statement received on January 16, 2026. The proposed measures would involve issuing free warrants to dilute 3D’s stake if approved at the upcoming annual general meeting scheduled for June.
Should 3D withdraw its bid prior to the meeting, the proposal will not be presented. An independent committee advised strongly in favor of the defensive action, which was unanimously backed by all directors including four audit committee members. The board respects this recommendation while acknowledging the risk that failing to adopt these measures could undermine long-term shareholder value.
🟡 Confidence: Standard AI-translated content.