Informed sources who do not want to be named said that Toshiba is working with major creditors to discuss financing plans to issue new shares to third parties, public offering is the core of the plan Toshiba's U.S. nuclear electronics company bankruptcy, the parent company debt increased rapidly in September, Toshiba agreed to sell the chip division to Bain Capital's consortium for $ 18 billion.
Toshiba said in a statement that the company's goal is to close the deal by the end of March, and Toshiba CFO Masayoshi Hirata said a half-year before the announcement that the company has formed a team to study a variety of financing options to prevent the transaction from failing on schedule carry out.
For most of the past year, Toshiba has been looking for ways to deal with the financial crisis. The sale of chip business may not be completed well until the end of the fiscal year (end of March), as regulators will review the transaction for at least six months.
If the transaction is not completed yet, Toshiba's net worth this year is still negative, which is the second consecutive year negative net worth, the Tokyo Stock Exchange will put pressure on Toshiba to force it to delisting.