Toshiba considering measures to raise as much as JPY 800bn
Toshiba Corp. [TYO:6502] is considering measures to raise as much as JPY 800bn (USD 7bn), as a back-up plan in case the planned sale of its memory chip subsidiary does not complete by the end of March, the Jiji Press reported.
The plan is to raise JPY 600bn to JPY 800bn, and is expected to be a new share placement to companies, investors and financial institutions, the report said, without citing sources.
Toshiba is discussing specific measures for the plan with securities houses, according to the report.