Toshiba to sell off its stake in Kioxia

Toshiba intends to sell off its 40.2% holding in its former memory unit now called Kioxia, reports the Nikkei. In October the unit is to be floated on the Tokyo Stock Exchange and Toshiba will start selling its stake after that. Half the proceeds of the sale will go to Toshiba’s shareholders. The unit was ...

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