Toshiba: Plan to monetise Kioxio stake, return majority proceeds to shareholders

TOKYO (Reuters) - Japan's Toshiba Corp said on Monday it planned to monetise its 40.2% stake in former flash memory chips unit Kioxia Holdings, stating its intentions of a potential stake sale for the first time.In a statement, Toshiba also said it planned to return a majority of the net proceeds to shareholders, a step that some activist fund investors have been demanding. Toshiba plans to gradually unwind the Kioxia stake after the world's second-largest flash memory chip firm lists its..