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overseas investors

Toshiba gains breathing room with $5.4 billion share issue to overseas investors

TOKYO/HONG KONG: Toshiba planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. Burdened by billions of dollars in liabilities at its bankrupt US nuclear reactor maker Westinghouse, Toshiba has been seeking to make up the difference by the end of the financial year in March or face a delisting. A long and contentious auction for its $18…