Asian Tech Press (Nov 15) -- Toshiba's largest shareholder, Effissimo Capital Management, said Saturday it has not decided whether to support Toshiba's breakup plan, Reuters reported.

Based in Singapore, Effissimo Capital Management owns 9.9 percent of Toshiba's shares.

Earlier, Effissimo stated being quoted as saying that it would not support the split plan. The statement also noted that the company will decide its position at next year's Toshiba EGM "after a good-faith consideration based on the analysis of the disclosed information and through contacts with the company.

On Nov. 12, Toshiba announced its plan to split the company into three parts by major business, namely infrastructure, devices and semiconductor memory, and then reorganize them into three companies. Toshiba believes that the value of these business groups can be better valued after being split up as separate entities.