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Shareholders Reject Proposal for Ootoya Board Shake-up

Shareholders Reject Proposal for Ootoya Board Shake-up

   Tokyo, June 25 (Jiji Press)--Shareholders of Japanese restaurant chain operator Ootoya Holdings Co. <2705> on Thursday rejected a proposal for a management shake-up made by its top shareholder, Colowide Co. <7616>.
   At an annual general meeting of shareholders, however, two proposals submitted by Ootoya to appoint 11 board members, including reappointments, and two auditors were approved by a majority vote.

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AFP-JIJI PRESS NEWS JOURNAL


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