NEW YORK -- U.S. activist investor Dalton Investments will propose replacing the entire board of Fuji Media Holdings, Nikkei has learned, as the Japanese group tries to recover from sexual assault allegations against a major star.
Dalton, which holds a 5.8% stake, will propose 12 director candidates -- including Yoshitaka Kitao, chairman and president of Japanese financial group SBI Holding -- in a letter to be sent on Wednesday.
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