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

Wed, Oct 25, 2017 - 5:50 AM

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.

PHOTO: AFP

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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