Asia
Synchro Food Weighs Board Expansion After Shareholder Call for EGM
Synchro Food (TYO:3963) said it is reviewing board composition and engaging with a shareholder that requested an extraordinary general meeting, according to a Friday filing on the Tokyo Stock Exchange.The company said it considers holding another extraordinary meeting soon after one in December inappropriate due to costs and shareholder burden, and has instead held discussions with the requesting shareholder, AVI Japan Opportunity Trust.Synchro Food said it is evaluating two proposed director candidates through its nomination committee process.The company said it is also considering increasing the number of outside directors by two to strengthen governance ahead of its annual general meeting scheduled for June.
TYO:3963