29-12-2015 00:32 via uk.news.yahoo.com

Toshiba seeks more funds for restructuring: Nikkei

(Reuters) - Toshiba Corp , reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen ($2.49 billion) in credit lines by the end of January to fund a large-scale restructuring, the Nikkei business daily reported. Toshiba is likely to approach multiple financial institutions including Mizuho Bank and Sumitomo Mitsui Banking Corp, Nikkei reported, citing Chief Financial Officer Masayoshi Hirata. Toshiba is also negotiating the sale of equipment maker Toshiba M
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