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.
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