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Toshiba in turmoil

Toshiba's extraordinary general meeting: 5 things to know

New management team needs to regain trust of major shareholders

Toshiba will hold an extraordinary general meeting on March 24 to gauge investor sentiment on proposals to restructure the troubled industrial conglomerate. (Photo by Tsuyoshi Tamehiro)

TOKYO -- Toshiba will hold an extraordinary general meeting on Thursday to present to shareholders with a plan to split itself into two public companies.

The first-ever breakup of a major Japanese corporation faces an uphill battle. It must be approved by shareholders at an annual general meeting in June 2023, but activist investors are presenting a counterproposal in an effort to thwart the move by management.

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