Toshiba drops about 8% on the stock exchange for a possible capital increase

Toshiba fell to almost 8% on the Tokyo Stock Exchange today after local media reported that the technology company plans to make a capital increase should it become available. delay the sale of your chip business.

Tokyo, Nov 10 (EFE) .- Toshiba fell to almost 8% on the Tokyo Stock Exchange today after local media reported that the technology company plans to extend the capital in case the sale of its chip business is delayed.

At 13.02 local time (4.02 GMT), the shares of the Japanese electronics and infrastructure firm, which are quoted from August in the second section of the parquet tokiota, fell 4.79% and stood at 298 yen (2.25 euros), but came to plummet to 7.98% during the first leg of the session of the Friday.

Investors responded to the information published by the state chain NHK, which said today that Toshiba executives plan to undertake a capital increase of almost 600,000 million yen (about 4,500 million euros), which would be partially financed by investments from third parties.

The measure would be destined to bail out the company in case that the sale of its chip business, which still does not have the approval of the competition authorities, is delayed.

The Tokyo company is considering carrying out the capital increase through the allocation of new shares to third parties and a public offering of securities, and he would already be consulting these plans with his main bank creditors, he said. NHK.

In response to that information, Toshiba issued a statement in which it maintains that it is "considering capital strategy options to respond to the circumstances variables ", but that no concrete decision has been taken in this regard.

Toshiba reached in September a deal to sell its splinter branch of chips with a consortium international led by the US investment fund Bain Capital and which are also Apple, Dell and South Korean chip manufacturer SK hynix.

The sale of the business Toshiba NAND flash memory, second by market share after Samsung, seeks to obtain liquidity and avoid the bankruptcy of the Japanese multinational as a result of the heavy losses of its operations on nuclear energy in the United States.

The sale does not yet have the approval of the competition authorities and the disagreements of Toshiba with its partner in the business, the Western Digital, also delayed the operation, which should be completed before March 31, 2018 to safeguard the Japanese company's accounts.