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Toshiba boss apologises as shareholders blast US$18b sale of chip business

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Published Tue, Oct 24, 2017 · 09:50 PM

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    Chiba, Japan

    TOSHIBA'S president on Tuesday apologised "sincerely" over the US$18-billion sale of its prized memory chip business, as shareholders demanded answers over the deal seen as pivotal to the survival of one of Japan's best-known firms.

    Bowing deeply at the start of a tense shareholders' meeting, Satoshi Tsunakawa said: "We sincerely apologise for causing problems and worry".

    Toshiba

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