Toshiba home appliances business selling Midea Group at the end of March from the white LED career

The Nikkei News reported on 15, Toshiba (Toshiba) has been China and home appliances manufacturers Midea Group (000333) into the final negotiation stage, intends to use the refrigerator and washing machine and other white goods business sold to the U.S. group; Toshiba plans to end in the summer of 2016 will be fully funded subsidiary of "Toshiba Lifestyle" most of the shares sold to U.S. group sales forecast for tens of billions of yen.

Reported that the Japanese government fund "Industrial Innovation Agency (INCJ)" was originally planned to be Toshiba white goods business and SHARP (Sharp) appliance business integration, but because SHARP eventually decided to incorporate in Taiwan Hai (2317) under reforming, also let the dream of integration INCJ burst, so Toshiba to find Chinese, Turkey manufacturers to negotiate the sale of white goods business matters, and because of the Toshiba group and the United States had originally been in the home appliance product technical cooperation, and air-conditioned joint venture company, the U.S. group also is planning to expand Japan, Southeast Asia and Toshiba home appliances business, so hit it off.

According to reports, the U.S. group is currently in the "Midea" brand sales of home appliances, 2014 revenue of about 2 trillion and 700 billion yen, according to the British research firm Euromonitor data show that in 2015 the United States and the group in the global white goods market share (by number conversion) was 4.6%, ranked second.

After the outbreak of the Toshiba accounting scandal will accelerate the pace of business reorganization, in addition to the white goods business, Toshiba just announced on March 9th, will be awarded the Canon priority bargaining, intends to medical machine's Toshiba subsidiary "Medical Systems" sold to Canon; in addition, Toshiba and Fujitsu will also cause PC spread (Fujitsu) of with the PC business and VAIO, and Toshiba will also be in the 2016 year (end of March 2016) from the white LED business, CMOS also plans to sell to Sony sensor device.

According to harvest XQ global winner system offer, Toshiba 14 day closing rose by 2.90% to 213 yen, Midea Group closed at 14 on the day of the yang to 29.55 yuan rmb.

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