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Toshiba loses access to unit's cash after hedge fund sues
Published Fri, Apr 14, 2017 · 09:50 PM
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Tokyo
TOSHIBA Corp lost access to one of its subsidiary's funds after hedge fund Oasis Management went to court to get the unit to take back its cash from the struggling conglomerate.
Toshiba Plant Systems & Services Corp, which had 87.8 billion yen (S$1.1 billion) parked at Toshiba at the end of last year, said tha…
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