TOKYO: Japan's Toshiba Corp said on May 23 it would more than halve its capital base – a move that comes in the wake of a US$1.3bil (RM5.29bil) accounting scandal last year.
It will cut its capital to 200 billion yen (US$1.8bil or RM7.46bil) from 439.9 billion yen (RM16.4bil), it said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!