Toshiba shareholders demand cancellation of sale of flash memory | Actual value is double the transfer

Last year Toshiba agreed to sell its chip business to a consortium led by Bain Capital, a US private equity firm, to fill its financial loopholes caused by the failure of its US nuclear sector. At present, this amount is as high as US$18 billion (about 113.3 billion yuan). The transfer business is still stagnant.

Although Toshiba has repeatedly indicated that although it is unclear when the transfer will be completed, it will still insist on the transfer of the business as soon as possible. However, according to foreign media reports recently, Toshiba’s active shareholders stated that Toshiba should cancel the transfer transaction of the flash memory business, and called the flash memory business. The actual value is twice the transfer price.

Argyle Street Management, a long-time active shareholder of Toshiba in Hong Kong, believes that the flash memory business accounts for 90% of Toshiba’s total operating profit, and this business still has a strong market competitiveness. The decision to make a business transfer last year was due to Toshiba’s poor performance. Financial status, but Toshiba raised funds from stock issuance at the end of last year, and it is no longer necessary to obtain cash through the transfer of valuable flash memory.