Toshiba announced that it will transfer 95% of the outstanding shares of Toshiba Solutions Corporation, a consolidated subsidiary, to China’s Hisense Group, and has signed share purchase agreement with Hisense Electric, a publicly listed subsidiary of Hisense Goup. The transfer will be completed on or after the end of February 2018, upon completion of necessary procedures such as government approvals. As announced by Hisense, it is an investment of 12.9 billion Japanese Yuan (about 100 million euros).
