Reuters, 31 Mar 2010
Toshiba Corp (6502.T) has decided to withdraw from overseas liquid crystal display (LCD) panel production and sell its Singapore plant to Taiwanese firm AU Optronics Corp for an estimated 10 billion yen ($108 million), the Nikkei daily reported.
The sale of the plant in Singapore is in line with Toshiba's efforts to restructure money-losing operations and concentrate resources in its semiconductor and nuclear power businesses, the daily said. Full Story