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12-11-2021, 11:18 AM
12 Nov 2021 10:59AM
(Updated: 12 Nov 2021 11:04AM)
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The plan - borne of a strategic review undertaken after a highly damaging corporate governance scandal - is aimed at improving shareholder value and encouraging activist shareholders to exit, they said.
The review calls for its nuclear power and infrastructure-related divisions to be housed under one company while its power chips and hard disk drive divisions would form the backbone of another, said the sources who were not authorised to speak to media and declined to be identified.
The third company will own Toshiba's 40.6per cent stake in unlisted memory chipmaker Kioxia.
https://www.channelnewsasia.com/business...us-2308531
(Updated: 12 Nov 2021 11:04AM)
......
The plan - borne of a strategic review undertaken after a highly damaging corporate governance scandal - is aimed at improving shareholder value and encouraging activist shareholders to exit, they said.
The review calls for its nuclear power and infrastructure-related divisions to be housed under one company while its power chips and hard disk drive divisions would form the backbone of another, said the sources who were not authorised to speak to media and declined to be identified.
The third company will own Toshiba's 40.6per cent stake in unlisted memory chipmaker Kioxia.
https://www.channelnewsasia.com/business...us-2308531
