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Contributor: PR Newswire New York
Friday, June 25 2021 - 15:39
AsiaNet
3D Investment Partners Comments on Results of Toshiba Corporation Annual General Meeting
TOKYO, June 25, 2021 /PRNewswire-AsiaNet/ --

3D Investment Partners Pte. Ltd. (together with the funds it manages, "3D"), 
one of Toshiba's largest shareholders, commented on the results of the Annual 
General Meeting of Toshiba Corporation ("Toshiba" or the "Company") (6502.T), 
which was held earlier today. 

3D said:   

     We invest in companies whose shareholders' value grows over the long term.
     In light of our conviction that Toshiba has tremendous opportunities to
     succeed for the benefit of all stakeholders, we have been a shareholder of
     Toshiba since we first purchased shares in 2016.

     We hope that today's AGM marks the beginning of a new era at Toshiba - one
     that will be marked by a focus on value creation, transparency to all
     stakeholders and a renewed commitment to building trust with shareholders.
     We welcome the recent changes to the Board because we are optimistic about
     the future and Toshiba's potential. We want Toshiba to succeed for its
     employees, customers, suppliers, creditors, shareholders and the people of
     Japan.  

     We stand ready to do our best to assist the Company and look forward to a
     constructive, ongoing dialogue with the Board and management team. As
     Toshiba turns the page to a new era, 3D remains enthusiastic about
     Toshiba's business, technology, people and opportunities. 

About 3D Investment Partners Pte.

3D Investment Partners Pte. Ltd is an independent Singapore-based Japan focused 
value investing fund manager founded in 2015. 3D Investment Partners Pte. Ltd. 
focuses on partnering with managements who share its investment philosophy of 
medium- to long-term value creation through compound capital growth and a 
common objective of achieving long-term returns.  

Disclaimer

This press release is provided for informational purposes only and does not 
constitute an offer to purchase or sell any security or investment product, nor 
does it constitute professional or investment advice. This press release should 
not be relied on by any person for any purpose and is not, and should not be 
construed as investment, financial, legal, tax or other advice.

3D Investment Partners Pte. Ltd. and its affiliates ("3DIP") currently 
beneficially owns and/or has an economic interest in and may in the future 
beneficially own and/or have an economic interest in, Toshiba group securities. 
3DIP intends to review its investments in the Toshiba group on a continuing 
basis and, depending upon various factors including, without limitation, the 
Toshiba group's financial position and strategic direction, the outcome of any 
discussions with Toshiba, overall market conditions, other investment 
opportunities available to 3DIP, and the availability of Toshiba group 
securities at prices that would make the purchase or sale of Toshiba group 
securities desirable, 3DIP may, from time to time (in the open market or in 
private transactions), buy, sell, cover, hedge, or otherwise change the form or 
substance of any of its investments (including Toshiba securities) to any 
degree in any manner permitted by any applicable law, and expressly disclaims 
any obligation to notify others of any such changes.

No representation or warranty, either expressed or implied, is provided in 
relation to the accuracy, completeness, or reliability of the information 
contained herein, nor is it intended to be a complete statement or summary of 
the securities, markets, or developments referred to herein. 3DIP expressly 
disclaims any responsibility or liability for any loss howsoever arising from 
any use of, or reliance on, this press release or its contents as a whole or in 
part by any person, or otherwise howsoever arising in connection with this 
press release.

3DIP disclaims any intention or agreement to be treated as a joint holder 
(kyodo hoyu sha) under the Financial Instruments and Exchange Act of Japan, a 
closely related party (missetsu kankei sha) under the Foreign Exchange and 
Foreign Trade Act with other shareholders, or receiving any power to represent 
other shareholders in relation to the exercise of their voting rights by virtue 
of its act to express its views, estimates, and opinions or otherwise to engage 
in dialogue with other shareholders through this press release.

This press release may include content or quotes from news coverage or other 
third party sources ("Third Party Materials"). Permission to quote from Third 
Party Materials in this press release may neither have been sought nor 
obtained. The content of the Third Party Materials has not been independently 
verified by 3DIP and does not necessarily represent the views of 3DIP. The 
authors and/or publishers of the Third Party Materials are independent of, and 
may have different views to 3DIP. The quoting Third Party Materials on this 
press release does not imply that 3DIP endorses or concurs with any part of the 
content of the Third Party Materials or that any of the authors or publishers 
of the Third Party Materials endorses or concurs with any views which have been 
expressed by 3DIP on the relevant subject matter. The Third Party Materials may 
not be representative of all relevant news coverage or views expressed by other 
third parties on the stated issues.

In respect of information that has been prepared by 3DIP (and not otherwise 
attributed to any other party) and which appear in the English language version 
of this press release, in the event of any inconsistency between the English 
language version and the Japanese language version of this press release, the 
meaning of the English language version shall prevail unless otherwise 
expressly indicated.

Contacts
3D Investment Partners Pte. Ltd.
3DIPartners@3dipartners.com 
 
SOURCE: 3D Investment Partners Pte. Ltd.
Translations

Japanese