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Toshiba considering $5.3 billion capital injection - NHK

Reuters  |  TOKYO 

TOKYO (Reuters) - Toshiba Corp, desperate for cash to avoid a possible delisting, has started to look into specific plans to raise about 600 billion yen ($5.3 billion) by offering new shares, possibly by year-end, public broadcaster NHK reported on Friday.Citing unnamed sources, NHK said Toshiba was discussing the plan, centred on a third-party allotment of new shares and a public offering, with its main creditors.Strapped with liabilities arising from its bankrupt U.S. nuclear unit, Toshiba agreed in late September to sell its prized chip unit, Toshiba Memory, to a group led by Bain Capital ...

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First Published: Fri, November 10 2017. 05:38 IST
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