Hibiki Path Advisors Withdraws Shareholder Proposal to Sodick
April 01, 2022 at 12:00 am EDT
Share
On April 1, 2022, Sodick Co., Ltd. announced that held its annual general meeting on March 30, 2022. Since, there are no proposals from Hibiki Path Advisors Pte. Ltd., the Campaign is deemed to be withdrawn.
Sodick Co., Ltd. is a Japan-based company mainly engaged in the equipment business. The Company has three business segments. The Machine Tool segment is mainly engaged in the development, manufacture, sale and maintenance of electric discharge equipment, machining centers and metal three-dimensional (3D) printers. The Industrial Machine segment is mainly engaged in the development, manufacture, sale and maintenance of horizontal injection molding equipment, vertical injection molding equipment and special-purpose molding equipment. The Food Machine segment is mainly engaged in the development, manufacture, sale and maintenance of noodle making equipment and rice cooking devices. The Company is also engaged in the manufacture and sale of mold and plastic molding products, the development, manufacture and sale of linear motor products and ceramics products, the development of hardware and software for numerical control (NC) devices, as well as the leasing of electric discharge equipment.