TOKYO (Reuters) - Japan's Toshiba Corp (T:6502) said on Monday it would more than halve its capital base - a move that comes in the wake of a $1.3 billion accounting scandal last year.
It will cut its capital to 200 billion yen (1.26 billion pounds) from 439.9 billion yen, it said.
The capital reduction will be subject to shareholders' approval and would be effective July 31, the embattled industrial conglomerate said in a statement.