Key Developments: Toshiba Corp (TOSYY.PK)
30.27USD
18 Jun 2013
$1.05 (+3.59%)
$29.22
$29.90
$30.49
$29.90
4,403
13,912
$34.11
$17.90
Latest Key Developments (Source: Significant Developments)
Toshiba Corp's Subsidiary Wins Hydropower Order in Laos- The Nation
The Nation reported that Toshiba Corp announced that Toshiba Hydro Power (Hangzhou) Co., a subsidiary of the Company, has won an order from Sinohydro Resources to supply three 80-megawatt hydroelectric turbines and generators for the Nam Ou 5 hydropower plant on the Nam Ou, a river in Laos. The subsidiary will design and manufacture the turbines and generators and start delivery in January 2014. Full Article
Toshiba Corp, KKR To Bid For Panasonic Corp's Healthcare Unit-Reuters
Reuters reported that Toshiba Corp and U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) are among those expected to bid for Panasonic Corp's healthcare business, financial sources with knowledge of the matter said. Panasonic is looking to raise as much as $1 billion by selling shares in the healthcare unit, whose products include blood sugar monitoring equipment, hearing aids and electronic medical record-keeping systems. The Company, which is being advised by Bank of America Merrill Lynch on the sale, has set a deadline of Monday for first-round bids, according to the sources who spoke on condition of anonymity because the bidding is not public. Full Article
Toshiba Corp to Issue Unsecured Corporate Bonds
Toshiba Corp announced that it will issue JPY 20 billion 54th series unsecured corporate bonds with a term of three years and interest rate 0.47%, JPY 60 billion 55th series unsecured corporate bonds with a term of five years and interest rate 0.75%, JPY 10 billion 56th series unsecured corporate bonds with a term of seven years and interest rate 1.06%. The details regarding the bond issue are as follows: subscription date of May 24, 2013, payment date of May 30, 2013, issue price at JPY 100 per face value of JPY 100, Nomura Securities Co., Ltd., Daiwa Securities Co., Ltd., SMBC Nikko Securities Inc. and Mizuho Securities Co., Ltd. will act as underwriters in the offering. Full Article
Advanced Semiconductor Engineering Inc's ASE Assembly & Test (Shanghai) Limited To Acquire Shares Of Wuxi Tongzhi Microelectronics Co., Ltd. From Toshiba Corp's Toshiba Semiconductor (Wuxi) Co., Ltd
Advanced Semiconductor Engineering Inc announced that in order to strengthen the capability of its Shanghai subsidiary for providing IC assembly and testing services, ASE will procure its wholly-owned subsidiary, ASE Assembly & Test (Shanghai) Limited (the ASESH) to enter into an equity interests transfer agreement (the EITA) with Toshiba Semiconductor (Wuxi) Co., Ltd. (TSW) ( a subsidiary of Toshiba Corporation). Under the EITA, ASESH will pay CNY70 million to TSW to acquire 100% shares in Wuxi Tongzhi Microelectronics Co., Ltd. held by TSW. Full Article
S&P Affirms Toshiba Corp's Rating at "BBB"; Changes Rating Outlook to Negative- KABDAS Express
KABDAS Express reported that Standard & Poor's announced that it has affirmed the rating on Toshiba Corp at “BBB” and changed the rating outlook from stable to negative. Full Article
Advanced Semiconductor Engineering Inc to Acquire China-based Company from Toshiba Corp- InfoTimes
InfoTimes reported that Advanced Semiconductor Engineering Inc announced that it will acquire a 100% stake in a Wuxi-based microelectronics company from Toshiba Corp for RMB 70 million in total. The Wuxi-based company is mainly engaged in operation of semiconductor testing and packaging factories in Mainland, China. Full Article
Toshiba Corp to Build Solar Plants in Japan with SunEdison-Nikkei
Nikkei reported that Toshiba Corp and U.S. firm SunEdison have agreed to jointly build solar power plants in the growing Japanese market by sharing core components and technologies. SunEdison, which is a builder of megasolar plants, will make a full entry into electricity sales in Japan through the partnership. Toshiba anticipates JPY 270 billion in orders for construction of power-plant-related facilities by the end of fiscal year 2013 and SunEdison is to sell the power generated at the plants. Toshiba aims to build large megasolar facilities with an output of around 100,000 kilowatts (kw) each. Full Article
Aeon Credit Service Co Ltd to Fully Acquire TOSHIBA FINANCE CORPORATION from Toshiba Corp
Aeon Credit Service Co Ltd announced that it has decided to acquire 39,203,360 shares (100% stake) of TOSHIBA FINANCE CORPORATION, for JPY 6,100 million, form Toshiba Corp, on May 16, 2013. Full Article
Toshiba Corp Changes Year-end Dividend Forecast for FY 2013
Toshiba Corp announced that it has changed its year-end dividend forecast from an undetermined value to JPY 4 per share, for the fiscal year ending March 2013. Full Article
Toshiba Corp Appoints New President
Toshiba Corp announced that it has appointed Hisao Tanaka as the new President of the Company, to replace Norio Sasaki, effective June 2013. Full Article
Toshiba to cut TV business costs by $104 million this fiscal year: Nikkei
- Japan's Toshiba Corp plans to cut about 10 billion yen ($104 million) in costs this fiscal year by reorganizing its network of television factories in Indonesia, China and Poland, the Nikkei said, citing company sources.
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