Toshiba Corp is presently still in talks to buy a 50% stake in Britain-based NuGen nuclear consortium although the involved parties have yet to reach a deal, according to Toshiba Chief Executive Officer Hisao Tanaka.
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Toshiba to offload stakes in white goods biz to Skyworth
As part of the restructuring the organization in the backdrop of $1.3billion accounting scandal, Toshiba Corp has decided to offload five percent stake each in its two white good manufacturing units to Chinese firm Skyworth Digital Holdings. As part of the agreement, Toshiba will wind up its two China sales units. Toshiba will also use Skyworth's local distribution network for selling white goods such as refrigerators, washing machines, and vacuum cleaners. Japanese laptops-to-nuclear power giant Toshiba is considering a massive overhaul of company's operations.
Toshiba wants new blood to lead its board; Interim president stays
Toshiba Corp has restructured its board of directors, getting mostly people from outside the company, including three former chiefs of major Japanese companies.
Toshiba shares skid 17 pct on accounting probe; $2.5 billion wiped off market value
Fears over Toshiba Corp's second probe into its own accounting in two years wiped close to $2.5 billion off the Japanese industrial giant's market value on Monday, with analysts saying lingering doubt on the root of the problem will keep investors on edge.
Panasonic withdraws from TV production in China: source
Panasonic Corp (6752.T) has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure.
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Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
Japanese chipmaker Toshiba offered to acquire solid-state hard drive maker OCZ Technology Group Inc. in a planned bankruptcy proceeding. The California-based company will immediately file for bankruptcy and liquidate if the deal with Toshiba falls apart.
Toshiba Corp chief executive Hisao Tanaka told Reuters that his company would decide on buying a major stake in UK nuclear venture NuGeneration.
Toshiba Corp announced today that it would acquire a majority stake in Vijai Electricals priced at around USD200 million.
Sources said that the most likely bidders for Panasonic’s healthcare unit are KKK, Toshiba Corp and a consortium led by Bain Capital.
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