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Toshiba in turmoil

Toshiba shareholder calls for meeting to vote on breakup plan

Friction with Singapore hedge fund marks latest spat with foreign investors

The proposal by Singapore-based 3D Investment Partners, Toshiba's second-largest investor, could force the Japanese conglomerate to ditch its plan.   © Reuters

TOKYO (Reuters) -- Toshiba Corp's second-largest investor called on Thursday for an extraordinary shareholder meeting for a vote to force the Japanese company to get two-thirds support before continuing with a controversial plan to split in three.

The proposal by Singapore-based hedge fund 3D Investment Partners marks the latest in a long and acrimonious battle between the once-mighty Japanese conglomerate and a number of its foreign shareholders, many of them activist funds.

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