TOSHIBA WEIGHS STAKE SALE IN WESTINGHOUSE

Firm gains new ex­ten­sion till April 11 to re­lease Q3 re­sults

New Straits Times - - Business World -

TOKYO

“Around 80 per cent of Westinghouse’s rev­enue come from sta­ble busi­nesses in ser­vices and fuel-re­lated busi­nesses,” he told a news con­fer­ence, here, yes­ter­day.

Toshiba aims to have Westinghouse off its con­sol­i­dated ac­counts by the end of the next fi­nan­cial year in March 2018, he said.

South Korea’s Kepco is seen by in­dus­try ex­ec­u­tives as the only po­ten­tial buyer. “We will re­view the over­all project and weigh how ben­e­fi­cial this project would be to us,” a Kepco spokesman said.

Toshiba yes­ter­day gained a new ex­ten­sion un­til April 11 for its third-quar­ter earn­ings. If it fails to meet that dead­line and does not gain an­other ex­ten­sion, it would have un­til April 21 to sub­mit the earn­ings or be delisted. Reuters

AFP PIC

Toshiba Corp chief ex­ec­u­tive of­fi­cer Satoshi Tsunakawa at a press con­fer­ence in Tokyo yes­ter­day.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.