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Toshiba cuts Kioxia stake as memory maker’s valuation swings

Toshiba reduced its holding in Kioxia Holdings to 15.1% as of July 15, according to filings reported by Nikkei and Reuters. The change report, submitted to Japan’s Kanto Local Finance Bureau on July 23, showed the Japanese conglomerate’s stake had fallen from 16.1% in the previous filing on May 11.