Toshiba's Westinghouse is reportedly about to apply for bankruptcy protection
ã€Global Science and Technology Reporter Li Zongze】 Toshiba's nuclear energy business has made new progress in its layout. Japanese media reported that Toshiba’s investment in US nuclear power business Westinghouse filed for bankruptcy protection as soon as possible on the 28th and planned to seek the support of Korea Electric Power Corporation. Data map Nihon Keizai Shimbun reported that Toshiba formulated a policy on the 26th to invest in US nuclear power business Westinghouse Electric will apply for bankruptcy protection as soon as possible on the 28th. Westinghouse will hold a decision of the board of directors on the 28th. After Westinghouse Electric has applied for related operations, it will seek the support of the Korea Electric Power Corporation to implement Toshiba's investment in the separation of Westinghouse and Toshiba onto the road to further restructuring. Toshiba considers its nuclear power business in the United States Westinghouse sounds bankruptcy protection in Chapter 11 of the Bankruptcy Law of the United States, or considers a majority stake in the sale of Westinghouse Electric. Toshiba announced in mid-February that due to a loss in investing in nuclear power plants in the United States, it will bring up to 712.5 billion yen in depreciation, resulting in a consolidated operating loss of 544.7 billion yen and a net after-tax loss of 499.9 billion yen in the first three quarters of fiscal 2016. It is expected that the net loss after tax will reach 390 billion yen in 2016 fiscal year (until the end of March this year). In order to restructure Toshiba Group's finances and gain operational resources for the continued growth of the memory business, Toshiba’s board of directors passed the spin-off of its new semiconductor company agreement in late February. The new company, Toshiba Memory, will inherit Toshiba’s storage and electronic devices. Solution business, the relevant spin-off agreement will be submitted to the interim meeting of shareholders on March 30. It is expected to take effect on April 1. Shenzhen Aierbaita Technology Co., Ltd. , https://www.aierbaitavape.com