Shareholders of Japan's Fujitec oust three directors in rare activist win

Shareholders of Japan's Fujitec oust three directors in rare activist win

Tokyo, Japan. Image by Philippsa from Pixabay.

Investors in Japanese elevator maker Fujitec Co Ltd voted on Friday to oust three of five incumbent outside directors, activist fund Oasis Management said, claiming the kind of win that’s still rare for shareholder activism in Japan.

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