The stock was last trading at 277 yen - a level above the sale price. "Toshiba's fund raising news eliminates the risk of Toshiba being delisted so that part is positive," said Takatoshi Itoshima, chief portfolio manager at Commons Asset Management. "What's also positive is that the fund raising will improve the company's financial health. There is an argument that the company will be left with nothing (without the chip business), but it's good that the company's capital will recover. "Third Point LLC, Oasis Management Company and Cerberus Capital Management were among the 60 investors listed.

Source: The Star November 20, 2017 04:52 UTC