ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business

Toshiba believed to be mulling $5.2bn capital increase

Third-party share allotment eyed as backup plan for memory chip sale

Toshiba Chief Financial Officer Masayoshi Hirata speaks during an earnings briefing in Tokyo on Nov. 9. (Photo by Yoichi Iwata)

TOKYO -- Toshiba is considering raising some 600 billion yen ($5.29 billion) of fresh capital, sources said Friday.

The Japanese electronics company is believed to be mulling several plans, including issuing new shares to a third party, likely foreign investors, and issuing preferred shares with no voting rights.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more