Tagged With "Megabanks"

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Japan's 3 Megabanks to Lend One T. Yen to Toshiba Memory

Art Post · 4/7/198:10 PM

Tokyo, April 3 (Jiji Press)--Japan's three megabank lenders will extend up to one trillion yen in loans to Toshiba Memory Holdings Corp., informed sources said Wednesday. Meanwhile, the government-backed Development Bank of Japan will acquire 300 billion yen in preferred share in Toshiba Memory Holdings. The holding company for Toshiba Memory Corp., a former Toshiba Corp. <6502> unit, aims to use the procured funds to buy back preferred shares held by clients including U.S. technology...

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Japan's 3 Megabanks to Lend One T. Yen to Toshiba Memory

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