Japan's Toshiba Corp. delisted on Wednesday, ending its 74-year history as a publicly traded company, according to Japan's Kyodo News Agency on December 20**.
CCTV Finance.
Toshiba Corporation has a history of nearly 150 years, and as one of the representatives of Japan's manufacturing industry, Toshiba was once known as the three giants of Japanese white goods along with Panasonic and Sharp. In addition, Toshiba is also involved in many fields such as semiconductors, energy, and infrastructure. After the accounting scandal was exposed in 2015, Toshiba's business situation began to deteriorate, and even fell into the predicament of insolvency for a time. In desperation, Toshiba has successively developed a number of businesses such as medical equipment, white goods, and laptops. 
CCTV Finance.
In order to improve its financial situation, Toshiba received a number of foreign ** shares in 2017. Some of them seek to maximize their own interests by intervening in the company's business decisions, which has led to increasingly acute contradictions between foreign shareholders and Toshiba's management. Since the first acquisition proposal appeared in the spring of 2021, Toshiba's proposed spin-off plan to improve its management has been torn apart, causing the company's management to fall into chaos. In 2022, Toshiba opened a call for proposals for reconstruction, and received a total of 10 proposals from both Japan and abroad. Since Toshiba's business includes nuclear power and military industries, and there are restrictions on foreign acquisitions, the company chose the acquisition plan of a domestic consortium of companies. On September 21, Toshiba announced that the Japanese Enterprise Alliance had completed its tender offer for Toshiba. Eventually, Toshiba will resolve the chaos it faces by delisting. However, the Nihon Keizai Shimbun pointed out that due to the lack of cohesive leadership, the prospect of whether Toshiba can successfully rebuild its operations is uncertain. **China News Network integrates Zhongxin Finance and CCTV Finance.