Japanese multinational Toshiba Corporation
says it's expecting to book a 6-point-3 billion-dollar
write-down in its nuclear power business.
This comes roughly a day after Toshiba said
the report was not ready.
The company's stock fell over 10 percent in
morning trading in Tokyo.
Toshiba also said in a statement it could
push harder to raise capital, including selling
a majority stake in its memory chip arm.
Previously, Toshiba announced it was planning
to sell a 20 percent stake in its chip operations
business... to raise funds.
Toshiba acquired Westinghouse Electric Corporation
in 2006 as part of its strategy to develop
a nuclear power business.
However, this business has been at a standstill
ever since the Fukushima disaster in 2011.
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