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Toshiba to Raise $5.3 Billion in Sale of New Shares to Foreign Funds
By Takashi Mochizuki :: The Wall Street Journal



Toshiba to Raise $5.3 Billion in Sale of New Shares to Foreign Funds

November 19th, 2017 ~ 8AM EST


Toshiba Corp. said it would raise ¥600 billion ($5.3 billion) through the sale of new shares to foreign funds, a step to avoid a delisting from the Tokyo Stock Exchange if the planned sale of its chip unit is delayed.


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