OREANDA-NEWS Toshiba shares at the moment rose by 3.46% to 5058 yen, but by the close of the session, it had lost growth to 1.86%, the paper closed at 4980 yen per share. This is evidenced by the trading data of the Tokyo Stock Exchange.

The management of Toshiba announced the decision to abandon the restructuring plan, under which the company was supposed to be divided into two parts. The Corporation will present a new business plan by June 2022. This is reported by Bloomberg.

Toshiba will create a special committee to consider «strategic alternatives» for business development, including a proposal to privatize the company.

3D Investment Partners, which owns about 7.6% of Toshiba, calls on the board of the Japanese company to disclose the medium-term plan to shareholders before the annual general meeting. This is reported by Reuters. In a letter to the company's board of directors, the Singapore fund also asked Toshiba to consult with shareholders about the composition of the board of directors.

Earlier, about 60% of shareholders voted against the proposal of Toshiba management to split the company into two separate structures. The offer to buy back shares also did not receive sufficient support.