Contact us
Company: Excellent Integrated System Limited
Contact person: Ella Cai
Address: RM 2501 JIEJIA BUILDING FUTIAN SHENZHEN 518031,CHINA
Email: sales009@eis-ic.com / sales009@eis-limited.com
Skype: sales009-EIS
Phone: 0086-755-23611101
Fax: 0086-755-61679009-109
Contact Now
Home > News > Industry News > Mofcom could derail Toshiba sa.....

Mofcom could derail Toshiba sale

  • Author:Ella Cai
  • Release on:2017-12-18
The latest twist in the Toshiba saga is that China could derail the deal.

China’s Ministry of Commerce (Mofcom) is reported by Bloomberg to have raised concern about Hynix’s presence in the winning consortium.

With only four significant NAND producers in the world, the prospect of Hynix taking control of Toshiba will affect markets.

Hynix’s participation in the winning bid consortium as a provider of finance via convertible bonds gives it a future opportunity to swap debt for equity and take a 15% stake in Toshiba.