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Toshiba shares slump more than 16% on accounting probe

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Shares in Japan's Toshiba slumped more than 16 per cent on Monday after it withdrew its earnings forecast and said it won't pay a dividend, citing a probe into accounting irregularities on infrastructure projects.

[TOKYO] Shares in Japan's Toshiba slumped more than 16 per cent on Monday after it withdrew its earnings forecast and said it won't pay a dividend, citing a probe into accounting irregularities on infrastructure projects.

Toshiba, which remained ask-only with massive selling orders at the start, finally began trading at the day's limit low of 403.3 yen, down 16.55 per cent, or 80.0 yen, in mid-morning trade.

AFP

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