Hong Kong-based activist Oasis Management has reportedly voted in favor of 3D Investment Partners’ shareholder proposal demanding Toshiba solicit buyout offers from private equity firms ahead of its upcoming March 24 special meeting, according to news reports.

Oasis, which currently owns a $181 million stake, also voted against Toshiba’s proposed plan for a two-way split, according to Reuters which cited a source close to the matter.

Each proposal will need 50% of votes to pass, with 3D, Effissimo Capital Management, and Farallon Capital Management owning roughly 25% of shares combined. All three have called for a sale.

In a March 22 statement, Effissimo said it would support 3D’s proposal, arguing that Toshiba’s best chance to move away from its troubling past and create long-term value is through a deal with strategic and financial investors.

Prior to this, 3D received additional support from Norway’s sovereign wealth fund, a 1.2% shareholder, as well as The State Board of Administration of Florida, a 0.2% shareholder.

Proxy voting adviser Glass Lewis has also backed 3D’s proposal, although Institutional Shareholder Services has not, despite also being opposed to management’s breakup plan.

Toshiba’s stock price has risen 19.7% in the past year and 25.5% over the last five years. After closing at 4,643 Japanese yen ($38.37) on March 22, the company’s stock has risen 3% this morning.