Toshiba, a century-old Japanese company, has been in trouble since its financial crisis broke out in 2015. In 2018, it had to sell its flash memory business for $18 billion, and now the rest of Toshiba is also facing privatization at a price of about $22 billion, or 147.6 billion yuan.

According to Reuters,Bidders for Toshiba are considering offering as much as Y7,000 ($51.41) a share to take it private in a deal valued at about $22bn.

At a premium of about 27 percent to Toshiba's share price yesterday, bids have been submitted from a number of capital firms, including KKR, Baring Asia, Blackstone Group, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo and CVC Capital, It is not ruled out that some bidders may form a consortium to bid.

Most notably Bain Capital, which led a consortium that bought a 60 percent stake in Toshiba's memory chip unit in 2018 for $18 billion and was the leading bidder in the deal.

But domestic investors are also looking at the matter and considering how to participate in the deal.

It is understood that Toshiba was founded in July 1875, is the largest semiconductor manufacturer in Japan, is also the second largest integrated motor manufacturer, under mitsui Group, its business includes digital products, electronic components, social infrastructure equipment, home appliances and so on.