Home / Business and Economy / Kioxia Stake Shifts: Toshiba Trims Holdings Amid Rival Claims
Kioxia Stake Shifts: Toshiba Trims Holdings Amid Rival Claims
11 Aug
Summary
- Toshiba has reduced its stake in Kioxia Holdings Corp. to 14.12%.
- Toshiba's previous stake in Kioxia was 14.48% as of August 3.
- An investment vehicle holding Kioxia shares is subject to claims by SK Hynix Inc.
Toshiba Corporation, the former parent company of Kioxia Holdings Corp., has recently decreased its ownership stake in the flash memory manufacturer. As of August 3, Toshiba's shareholding in Kioxia has been trimmed down to approximately 14.12%. This marks a slight reduction from its previously held 14.48% stake.
The ownership landscape of Kioxia remains intricate due to an investment vehicle that holds a substantial portion of its shares. This specific investment vehicle is reportedly subject to claims made by South Korean semiconductor rival, SK Hynix Inc. The ongoing dispute over these shares adds a layer of complexity to Kioxia's corporate structure and potential future dealings.
