Toshiba to more than halve its capital base to about $1.8 billion

TOKYO (Reuters) - Japan's Toshiba Corp 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 ($1.8 billion)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. ($1 = 109.9 yen) (Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)