3D PROPOSES TO APPOINT FOUR NEW DIRECTORS AT FUJISOFT

KUALA LUMPUR, Oct 14 (Bernama) -- 3D Investment Partners Pte Ltd, the investment manager of 3D Opportunity Master Fund, has published a presentation paper regarding its shareholder proposal to enhance the board composition at Fujisoft Incorporated (Fujisoft or the company).

According to a statement, 3D has nominated four candidates to be added to the Fujisoft board.

3D’s proposal seeks to appoint four such directors, all of whom are completely independent of 3D and Fujisoft.

“We are confident that the appointment of these four outside directors will enhance the effectiveness of the board of directors, enabling it to thoroughly and objectively evaluate Fujisoft's opportunities to increase corporate value,” it said in a statement.

3D currently owns more than 21 per cent of Fujisoft and is the company’s largest shareholder.

For more than two years, 3D has attempted to engage in a constructive dialogue with the company on topics including capital allocation, profit margin, and growth strategy to help increase its corporate value.

-- BERNAMA