The company’s share price rose 5.1% after the Japanese company announced in a statement released on Wednesday that it would buy back shares. The statement stated that the company’s goal is to create a 'healthy' capital structure for shareholders.
Although Toshiba chose to agree to sell its chip business unit due to lack of funds and wanted to avoid delisting, the company is no longer short of money. The company has obtained a lot of funds through the sale of 600 billion yen of new shares, and it also passed a sale of nuclear. Assets raised 410 billion yen.
Toshiba stated that the company will complete the sale of shares as soon as possible, but no specific time has been given.