Chip unit sale to Bain unnecessary after capital injection, HK activist investor tells Toshiba

Chip unit sale to Bain unnecessary after capital injection, HK activist investor tells Toshiba

The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017. REUTERS/Toru Hanai

A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters.

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