It was learned from the official website of Toshiba Japan that Toshiba recently held an extraordinary general meeting of shareholders.Through the company's privatization proposal, it was announced that it would be delisted from the Tokyo Stock Exchange on December 20.After Japan's Toshiba delists, its 74-year listing history will also come to an end.
According to media reports, starting in August this year, a consortium led by Japan's domestic fund "Japanese Enterprise Alliance" (JIP) launched a tender offer for Toshiba totaling approximately 2 trillion yen.
The JIP camp has acquired 78.65% of Toshiba's shares through a tender offer.
According to the plan,Every 93 million shareholders of Chicago stock will be consolidated into one share, and the shares of ordinary shareholders will be consolidated into fractional shares of less than one share.thereby reducing the holdings of ordinary shareholders.
At the same time, the JIP camp is allowed to acquire the remaining shares from ordinary shareholders and acquire Toshiba as a wholly-owned subsidiary.
It is understood that Toshiba has a history of nearly 150 years since its establishment.As one of the representatives of Japan's manufacturing industry, Toshiba was once known as Japan's three white goods giants along with Panasonic and Sharp.
Not only that, Toshiba is also involved in many fields such as semiconductors, energy, and infrastructure.
However, after an accounting scandal was exposed in 2015, Toshiba fell into a financial crisis and even fell into insolvency. The company has been in a state of chaotic management and operational difficulties for a long time.
As a result, Toshiba could only sell medical equipment, white goods, laptops and other businesses one after another.