3D Investment Partners calls on Japan's Toho to improve governance

TOHO HOLDINGS

25/03/2025 08:26

TOKYO, March 25 (Reuters) - Singapore-based 3D Investment Partners on Tuesday published a reform plan for Japanese drugmaker Toho Holdings 8129.T,  saying governance deficiencies have impaired corporate value.

The fund, which holds about 18% of Toho's shares according to LSEG data, pointed in its report to the company's large cross-shareholdings and a failure to appoint independent board members.

 (Reporting by Rocky Swift; Editing by Muralikumar Anantharaman)

 ((rocky.swift@thomsonreuters.com;))