Toshiba avoids delisting

@ 2017/08/11
Auditor signs off on financial results

Toshiba has avoided immediate delisting after its auditor signed off on its financial results albeit with criticism of its governance.

The outfit’s future remains uncertain with no progress in talks to sell its chips unit for much-needed cash, but at least it does not have to worry about delisting which would have been a major crisis.

PriceWaterhouseCoopers Aarata LLC (PwC) gave a "qualified opinion" on Toshiba's results for the year ended March as well as for April-June, according to a filing. That means the auditor broadly vouched for Toshiba's book-keeping.

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