Shareholders of Japan's Fujitec oust three independent board directors - Nikkei

TOKYO (Reuters) - Investors in Japanese elevator maker Fujitec Co Ltd voted on Friday to oust three of five incumbent outside directors and elected four of six new directors nominated by an activist fund at an emergency general meeting on Friday, the Nikkei reported.

The results represent a partial victory for Oasis Management, Fujitec's top shareholder with a 17% stake, which sought to replace the external directors on an eight-strong board with its own candidates to blunt what the Hong Kong-based fund claims is the undue influence of the company's founding family.

A sixth external director resigned a few days ago.

The shareholders also rejected two additional directors nominated by the company, according to the Nikkei.

(Reporting by Makiko Yamazaki; Editing by Kenneth Maxwell and Jacqueline Wong)