Nikkei: Toshiba will carry out TOB for 200 billion yen, and three subsidiaries face delisting

According to the Nihon Keizai Shimbun, Toshiba, which is rebuilding its business, plans to fully sub-license three of its four listed companies.

Toshiba plans to invest about 200 billion yen to acquire shares of these three subsidiaries from other shareholders through stock open trading (TOB) and increase its shareholding to 100%. It is expected that three subsidiaries will face delisting. .

The report pointed out that Toshiba had decided to carry out the above-mentioned TOB plan on the board of directors held on the 13th, and the target includes Toshiba Plant Systems & Services, which produces power generation equipment, NuFlareTechnology, which manufactures semiconductor manufacturing equipment, and Xizhi Motor, which manufactures motor systems for the marine industry.

At present, Toshiba's shareholding in these three subsidiaries is 50.0%~54.9%, and then Toshiba will implement the TOB plan for these three subsidiaries at a certain level of premium price.

It is worth mentioning that Toshiba's other listed subsidiary, ToshibaTEC, is not in the TOB program. Toshiba said that the TOB plan will be announced immediately.