[New post] Toshiba in white goods deal with China’s Skyworth; Skyworth shares jump

sskarthik posted: "Toshiba Corp said it would sell stakes of 5 percent each in two white goods manufacturing units to China's Skyworth Digital Holdings - a move that comes amid a revamp of its operations in the wake of a $1.3 billion accounting scandal. The sale is par" Respond to this post by replying above this line New post on SKarthik.info Toshiba in white goods deal with China’s Skyworth; Skyworth shares jump by sskarthik Toshiba Corp said it would sell stakes of 5 percent each in two white goods manufacturing units to China's Skyworth Digital Holdings - a move that comes amid a revamp of its operations in the wake of a $1.3 billion accounting scandal. The sale is part of broad agreement in which Toshiba will use the Chinese electronics maker and retailer's local distribution network to sell refrigerators, washing machines and vacuum cleaners while winding down two China sales units. Shares in Skyworth Digital jumped 7.5 percent by mid-afternoon, while the benchmark Hang Seng index was down 0.7 percent. Read more... sskarthik | September 24, 2015 at 2:07 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3lzD Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/24/toshiba-in-white-goods-deal-with-chinas-skyworth-skyworth-shares-jump/ Thanks for flying with WordPress.com