Toshiba is considering whether to accept the proposal made by the investment fund to resolve the current management turmoil through management restructuring.
In response to the proposal of this fund, the bank will decide to make a huge loan amounting to 1.2 trillion yen in total, and the focus will be on what kind of conclusion Toshiba will make.
Toshiba is in conflict with overseas shareholders called activists, who account for about 25% of the stock, and in order to resolve this confusion, the investment fund Japan Industrial Partners will sell all of Toshiba's stock and delist it. We are still negotiating.
In addition to the investment of 1 trillion yen by several companies, the proposal plans to secure the necessary funds through loans from major banks, including Sumitomo Mitsui Banking Corporation, Mizuho Bank, MUFG Bank, Sumitomo Mitsui Trust Bank, etc. has decided to provide a total of 1.2 trillion yen in loans.
In addition to this, the bank plans to set up a loan facility of 200 billion yen, and will soon inform investment funds of this policy in writing.
Banks are demanding Toshiba to improve its governance system, and are requesting the dispatch of executives from some banks.
In addition, if the loan exceeds a certain scale, we will ask Toshiba to sell its business and assets, and future negotiations are expected to be twisted.
Toshiba is considering whether or not to accept the proposal at a special committee made up of outside directors, but the focus will be on what kind of conclusions will be drawn in the future, taking into account the conditions set by investment funds and banks.