3D PRESENTS SHAREHOLDER PROPOSALS TO MAXIMISE FUJISOFT'S CORPORATE VALUE

KUALA LUMPUR, Feb 20 (Bernama) -- 3D Investment Partners Pte Ltd, the investment manager of 3D Opportunity Master Funder (3D) has published a presentation regarding its shareholder proposals to enhance Board oversight and accountability and maximise corporate value at Fujisoft Incorporated (Fujisoft or the company).

According to a statement, it will be presented at the company’s 54th annual general meeting of shareholders scheduled to be held on March 15.

In addition, 3D has proposed the appointment of one external corporate auditor and the implementation of a share repurchase of Fujisoft's common stock, which would become effective should the Board of Directors reject the take-private proposal.

It encouraged shareholders to support the strengthening of the oversight function of Fujisoft's Board of Directors and the conditional share repurchase to maximise Fujisoft corporate value.

Therefore, 3D has proposed the appointment of Stephen Givens, a United States corporate lawyer based in Tokyo as an outside corporate auditor of Fujisoft.

As the largest shareholder of Fujisoft with over 21 per cent of outstanding shares, 3D has been engaged in constructive dialogue with the company over the past four years.

Founded in 2015, 3D Investment Partners Pte Ltd is an independent Singapore-based, Japan focused value investing fund manager.

-- BERNAMA