Fujitsu's biggest shareholder to unload $1 billion worth of stock

By Taiga Uranaka TOKYO (Reuters) - Fujitsu Ltd's biggest shareholder is planning to sell about $1 billion worth of the Japanese electronics conglomerate's stock, part of a plan by the two firms to unwind their cross-shareholdings. The sale comes at a time when Tokyo-listed firms are under pressure to justify their holdings after Prime Minister Shinzo Abe's government introduced a new corporate governance code in 2015. While cross-shareholdings aimed at cementing business ties are common in Japan