Toshiba has issued a statement aiming for an early conclusion on negotiations for management restructuring proposed by investment funds to resolve management turmoil.
The bank is making final adjustments to provide a loan of 1.2 trillion yen for the huge amount of funds required for restructuring, and the negotiations are reaching a major milestone.
Toshiba is in conflict with overseas shareholders called activists, who account for about 25% of the stock, and in order to resolve this confusion, with the investment fund Japan Industrial Partners, all of Toshiba's stock will be sold and delisted. We are continuing negotiations for
In this proposal, in addition to the investment of 1 trillion yen by multiple companies, we plan to secure the necessary funds through loans from major banks. , ▽ Sumitomo Mitsui Trust Bank and others are making final adjustments to provide a total of 1.2 trillion yen in loans.
Regarding this negotiation, Toshiba released a statement on the 16th, saying, "We will do our utmost to reach a conclusion as soon as possible."
Toshiba's policy is to hold a board of directors' meeting with the cooperation of the bank and rush to a conclusion.
However, as a condition for lending beyond a certain scale, the bank side is demanding the sale of Toshiba's business and assets, and it seems that there is an opinion from Toshiba's side that insists on raising the purchase price of shares, which is a big turning point. The negotiations, which have reached the end of the year, are expected to have twists and turns in the future.