Business
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TOKYO
Toshiba Corp, reeling from a 150 billion yen accounting scandal, intends to ask for an additional 300 billion yen in credit lines by the end of January to fund a large-scale restructuring, the Nikkei business daily reported Tuesday.
Toshiba is likely to approach multiple financial institutions including Mizuho Bank and Sumitomo Mitsui Banking Corp, Nikkei reported, citing Chief Financial Officer Masayoshi Hirata.
The company, which overstated profits beginning in the business year through March 2009, has begun restructuring after an investigation of its accounts revealed businesses in poor health.
Toshiba is also negotiating the sale of equipment maker Toshiba Medica…
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