Toshiba reassures local customers


Parent firm to be acquired for B500bn

Toshiba’s home appliances business in Thailand has been managed by Toshiba Thailand Co since August 1969.

Toshiba Thailand is telling customers its business will not be affected by Toshiba Corporation’s recent acceptance of a buyout offer for about ¥2 trillion (500 billion baht) from a group led by domestic private equity firm Japan Industrial Partners Inc (JIP).

Kobkarn Wattanavrangkul, chairwoman of Toshiba Thailand Co, yesterday said she remained confident in the company’s future even with the parent’s ownership changing.

According to a Bloomberg report, last Thursday the Tokyo-based company’s board approved the JIP offer.

The next step is a tender offer…

Read more…