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Toshiba plans restructuring, asset sales following 7.4b yen recommended fine

Japan securities regulator says the company misled investors by filing false financial statements

Mr Muromachi says the company will detail a restructuring plan by Dec 31 and is considering selling its personal computer and appliance businesses.


TOSHIBA Corp plans to restructure its operations and sell additional assets after Japan's securities regulator recommended fining the company about 7.37 billion yen (S$84 million) for falsifying earnings, the largest financial penalty ever sought by the watchdog.