Toshiba is under pressure to come up with cash as it faces a bigger-than-expected writedown for its US nuclear business
Toshiba shares traded 10.4 percent lower at 397.10 yen in morning trading, paring an earlier loss of as much as 16.3 percent.
Japan's minister for economy, trade and industry, Hiroshige Seko, said on Friday a rescue plan for embattled conglomerate Toshiba Corp was not under consideration at his ministry.
Seko told reporters after a cabinet meeting that he would closely monitor the steps taken by Toshiba's management.
Toshiba is under pressure to come up with cash as it faces a bigger-than-expected writedown for its US nuclear business that local media have said could come in at $6 billion.
( Source : reuters )
Next Story
