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Toshiba expects to raise funds from investors including Effissimo Capital Management, which already owns a stake of nearly 10% in the Japanese conglomerate.
Toshiba in turmoil

Toshiba looks to raise more than $5bn, end risk of delisting

Japanese company taps share sale in case memory unit sale is delayed

| Japan

TOKYO -- Toshiba's board of directors decided to raise some 600 billion yen ($5.35 billion) in capital, the Japanese electronics maker said Sunday, in a move to ensure that the company remains listed if plans to sell its memory chip unit do not proceed as expected.

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