Is Toshiba's plan to sell TV business to Chinese manufacturers?

In order to fill the huge losses caused by nuclear power in the United States, Toshiba is in full swing with the sale of semiconductors. In addition to semiconductors, Toshiba is also accelerating the sale of non-core assets. TV business.

Toshiba loses money to sell TV business
Nikkei and Asahi Shimbun recently reported that Toshiba is accelerating the sale of non-core businesses in order to fill much of the huge losses caused by the nuclear power business in the United States. Potential buyers will start asset reviews for the business in the near term, with an estimated sales of up to tens of billions of yen, and the sale will be completed within the current year (April 2017-2018). The potential buyers are Turkish domestic appliance maker Vestel and Hisense.
The report pointed out that Toshiba has withdrawn from the overseas TV business's manufacturing and sales operations and switched to providing its brand operation model. The European market TV brand is currently available to Vestel, and Toshiba’s plan is to sell television in Japan. Toshiba Visual Solutions, a subsidiary of R&D and sales, and Toshiba’s sales conditions are required to maintain the factory, employee employment, and REGZA brand.
2016 (April 2016-March 2017) Toshiba’s TV sales in the Japanese market are estimated at approximately 600,000 units, while Toshiba’s plan to sell television programs during the April-September 2016 period will have a In the same period a year ago, it dropped by 43% to 27.9 billion yen and the loss was 10.5 billion yen. Toshiba sold the white goods business to China Midea Group in June 2016.
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