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Toyo shareholders support board backed by Nintendo founder's family office

Summary by Ground News
The results are a major win for Yamauchi-No.10 Family Office (YFO), the largest investor with a 28.51 per cent stake in Toyo. YFO last year offered to pay 1,000 yen ($6.97) per Toyo share, higher than a 770 yen per share offer from an industry rival.

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Channel News AsiaChannel News Asia
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Toyo shareholders support board backed by Nintendo founder's family office

TOKYO : Shareholders of Japan's Toyo Construction on Tuesday approved seven of nine directors backed by the family office linked to Nintendo's founder, allowing these directors to form a majority of the board.The results are a major win for Yamauchi-No.10 Family Office (YFO), the largest investor with a 2

·Singapore
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Channel News Asia broke the news in Singapore on Tuesday, June 27, 2023.
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