People, Dreams & Technologies Group Opposes Shareholder Proposal
November 13, 2023 at 11:00 pm EST
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On November 14, 2023, People, Dreams & Technologies Group Co., Ltd. announced in its press release that it had decided to oppose the shareholder proposals by LIM Japan Event Master Fund. The proposals submitted were as follows, (i) Abolition of countermeasures (takeover defense measures) regarding large-scale purchases of stocks, (ii) Partial amendment to the articles of incorporation (disclosure of capital cost), (iii) Partial amendment to the articles of incorporation (individual disclosure of director compensation), (iv) Appropriation of surplus funds, (v) Acquisition of treasury stock, (vi) Partial amendment to the articles of incorporation (cancellation of treasury stock), and (vii) Cancellation of treasury stock. The company has opposed all these proposals.
CHODAI CO., LTD. is Japan-based company mainly engaged in the construction consulting business. The Company has three business segments. The Consulting segment is engaged in the research, planning, design and construction management of bridges and special construction objects, the design of civil engineering structures, the planning and design of comprehensive transport, city and region, the research, planning, design, operational administration and public management of rivers, the provision of information processing, system planning and design, software development, as well as information content development, operation and distribution services. The Services Provider segment is engaged in the operation of roads, public facilities and demand transportation systems, and the polluter pays principle (PPP) business. The Products segment is engaged in the sale of eco products and information systems, as well as the rental business and the application service provider (ASP) business.
PEOPLE, DREAMS & TECHNOLOGIES GROUP CO., LTD. 
