TOKYO -- Dalton Investments, a U.S. activist investor, will submit a shareholder proposal to Fuji Media Holdings proposing SBI Holdings Chairman and President Yoshitaka Kitao as a candidate for director at the company's annual shareholders meeting to be held late in June, Nikkei has learned on Monday.
Media & Entertainment
Dalton to propose SBI's Kitao to be on Fuji Media Board
Move will increase pressure on company to improve management
Dalton Investments intends to make a shareholder proposal to appoint SBI's Kitao to Fuji Media's board of directors.
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