TOKYO -- Embattled Japanese electronics-maker Toshiba said on Tuesday it has agreed to sell its television subsidiary to Hisense Group, a major Chinese electronics manufacturer.
Toshiba will sell a 95% stake in Toshiba Visual Solutions to Hisense Electric, the group's Shanghai-listed core unit, for 12.9 billion yen ($113.6 million). The Japanese company will retain the remaining 5% stake.
