Toshiba has determined to carry a board assembly on the twenty third to simply accept the proposal for an funding fund that goals to delist shares and remove administration confusion. In this proposal, the funding fund Japan Industrial Partners will buy Toshiba’s shares and delist them, and along with the funding of a number of corporations because the funds to buy the shares, the primary banks may even take part within the financing. Toshiba’s aim of delisting is to successfully remove abroad shareholders known as activists, and Toshiba’s administration issues will enter a brand new stage.
Source
Resolution to simply accept funding fund proposals for Toshiba “delisting” | NHK
