Proposals to split, consider sale rejected

Uncertain times: The Toshiba headquarters in Tokyo. Shareholders of the embattled Japanese electronics and energy giant voted down a major restructuring plan in a setback for the company’s management. — AP

TOKYO: Toshiba Corp shareholders rejected the company’s proposal to split in two in a key vote yesterday, dealing a blow to management’s plans for the 146-year-old Japanese conglomerate.

The separation proposal didn’t get the simple majority it needed to be approved, the Tokyo-based firm said.