Japan's Toshiba to split into 3 independent companies

Japan's Toshiba Corp is to be broken into three independent companies. The move follows a five-month strategic review, undertaken after a highly damaging corporate governance scandal. Under the plan, Toshiba will spin off two core businesses - energy and infrastructure, plus devices and storage. Toshiba itself will manage its 40 per cent-owned memory chipmaker Kioxia and other assets.

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service on Telegram: https://cna.asia/telegram

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: Facebook: channelnewsasia
Instagram: Instagram: channelnewsasia
Twitter: Twitter: channelnewsasia