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

Toshiba narrowly averted a delisting this year, but it still faces the prospect of being yanked from Japan's premier stock exchange if the sale does not raise enough money.

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...

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