(MENAFN) Stressed Toshiba intends to approach local top financial institutions for an extra USD2.5 billion in credit to pay swelling restructuring costs, according to the latest data.
The firm is also discussing the sale of equipment maker Toshiba Medical Systems, which likely would boost its capital base to more than USD83 billion by the middle of the next financial year.
Moreover, the Japanese conglomerate had obtained USD3.3 billion in credit lines in Sep; but it later discovered that reforming costs have surged to about USD2.15 billion in the year through March.
Toshiba's varied products and services include info technology and communications equipment, electronic components and materials, industrial and social infrastructure systems.
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