{"id":25927,"date":"2017-04-04T08:08:22","date_gmt":"2017-04-04T08:08:22","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=25927"},"modified":"2017-04-04T08:08:22","modified_gmt":"2017-04-04T08:08:22","slug":"toshiba-seek-loan-support-creditor-banks-tuesday","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/toshiba-seek-loan-support-creditor-banks-tuesday.html","title":{"rendered":"Toshiba to seek loan support from creditor banks Tuesday"},"content":{"rendered":"<h2 style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba to seek loan support from creditor banks Tuesday<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba to seek loan support from creditor banks Tuesday:- Toshiba Corp will meet creditor banks on Tuesday to ask them to accept as collateral shares in its memory chip unit being split off and other businesses and not call in their loans, sources with direct knowledge of the matter said.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">A Toshiba spokeswoman confirmed the company will hold the meeting, but declined to disclose the agenda.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba management has so far failed to gain creditors&#39; support for the request, which it also made last month.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The collateral offer also includes shares in group companies such as Toshiba Tec Corp, sources told Reuters in March. Some smaller creditors have balked at the offer, as bigger lenders are seen receiving the most valuable chip unit shares as collateral, the sources have said.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Shares in Toshiba plunged for the second consecutive day after Reuters reported the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The shares dived more than 10 percent in Tuesday morning trade, following a 5.5 percent drop the previous day.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">A third postponement of the October-December earnings, currently due on April 11, looks necessary because Toshiba&#39;s auditor, PricewaterhouseCoopers Aarata LLC, has questions about results for the business year through March 2016, sources have told Reuters.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Asked about Toshiba&#39;s potential delay, Japanese Trade Minister Hiroshige Seko told reporters that it&#39;s important for listed companies to have sufficient information disclosure and to ensure effective corporate governance.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:8px;\"><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-toshiba-accounting-banks-idUSKBN17605M<\/span><\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/toshiba-seek-loan-support-creditor-banks-tuesday.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Toshiba to seek loan support from creditor banks Tuesday Toshiba to seek loan support from creditor banks Tuesday:- Toshiba Corp will meet creditor banks on Tuesday to ask them to accept as collateral shares in its memory chip unit being split off and other businesses and not call in their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[14827,14826,14505,16223],"class_list":["post-25927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-latest-technologies","tag-latest-technology-news-today","tag-technology-news-headlines","tag-toshiba-to-seek-loan-support-from-creditor-banks-tuesday"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/25927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=25927"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/25927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/25929"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=25927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=25927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=25927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}