Posted inChinaJapanNortheast Asia

Battered Toshiba out of easy options to plug nuclear hole

Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders’ equity, Japan’s Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets left to sell. The Tokyo-based conglomerate, which is still recovering from a US$1.3 billion accounting scandal in 2015, dismayed investors and […]