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Japan government contacted Toshiba shareholders before AGM: sources
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Japan government contacted Toshiba shareholders before AGM: sources
Japan's government contacted several foreign shareholders in Toshiba Corp ahead of the conglomerate's annual meeting, three people familiar with the matter said, in what at least one investor saw as an attempt to influence voting. Representatives of the powerful Ministry of Economy, Trade and Industry (METI) called at least three funds ahead of the meeting to inquire if they had collaborated with other investors, two of the people said. The ministry was particularly focused on whether the funds collaborated with Toshiba's top shareholder, Effissimo Capital Management, communication that could violate rules preventing shareholders from 'acting in concert', the two people said.
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