Toshiba plans to raise $5.3 billion to avoid delisting risk
Toshiba Corp said it would raise 600 billion yen ($5.3 billion) in fresh capital, a key step that would allow the troubled conglomerate to remain a publicly traded company even if the sale of its chip unit is delayed.
Toshiba`s board met on Sunday and approved a plan to raise 600 billion yen ($5.3 billion) by offering new shares to 60 overseas investors, the company said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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