Metaplenet Inc (3350) The shares won more than 2.5% to 853 yen on Tuesday after investors approved key amendments at an extraordinary general meeting held on September 1. The company announced that the shareholders supported three proposals that expand their financial and government flexibility.
The first resolution increased the maximum number of authorized shares to 2,700 million that allow Metaplanet to raise capital more easily in the future. The second amendment introduced new rules that allow virtual shareholders meetings, which reflects a broader change in corporate governance practices.
The third resolution created provisions for authorized class actions, formally establishing class A and Class B actions.
Management expressed its gratitude to shareholders for their support, noting that approval positions Metaplanet to seek growth initiatives more effectively. The market reaction suggests confidence in investors in the company’s plans, with actions that come together in Tokyo’s trade.
