Toshiba received a loan of 6 billion dollars bail a subsidiary of the company, which produces flash memory

Toshiba was able to get a new loan, using as collateral shares in a subsidiary company that produces flash memory. Credit provided by several banks. Loan amount — $ 6 billion. About it reports the source with reference to the news Agency Nikkei.

The Agency said that banks have provided a loan to Toshiba, not having received the stocks and the certificates on them. Banks have confirmed that such a scheme will not cause problems with the law, but on the contrary would render the legality of the transaction.

Source: Reuters

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