Regarding Toshiba's proposal to delist the stocks made by the investment fund to solve the management confusion, the main bank side informed Toshiba that it would accept the loan, and the fund side returned to Toshiba on the 9th. made a proposal.
The bank is demanding strict management oversight, and Toshiba's future decisions will be the focus.
Toshiba has received a proposal from the investment fund Japan Industrial Partners to delist its shares, aiming to resolve the management turmoil amid ongoing conflicts with overseas shareholders called activists.
The proposal called for investment from multiple companies as well as loans from major banks to fund the purchase of shares.
Sumitomo Mitsui Banking Corporation, Mizuho Bank, etc. have responded to this request by providing a total of 1.2 trillion yen in loans and a 200 billion yen credit line. The we.
Toshiba has announced a comment, stating that it will "scrutinize the content and act to maximize the interests of all stakeholders," and will continue to consider the matter.
However, according to people involved, the bank will
▽ set up a "monitoring meeting" to request regular reports on the progress of the management plan,
▽ dispatch officers from the bank
, and
▽ business performance above a certain level .
If it gets worse, we are also seeking the sale of Toshiba's business and assets.
The focus will be on Toshiba's future decisions, as the bank has demanded strict management oversight.