Exclusive: Sharp to raise up to $1.7 billion equity to repay

Home Forums Exclusive: Sharp to raise up to $1.7 billion equity to repay

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    Anonymous

    Technology News

    A sign hangs in the Sharp booth on the first day of the Consumer Electronics Show in Las VegasBy Nobuhiro Kubo and Reiji Murai TOKYO (Reuters) – Japan's Sharp Corp plans to raise up to $1.7 billion as the struggling TV and display maker seeks to pay down debt after a rescue last year and shore up its tattered finances, people with knowledge of the moves told Reuters. The capital injection would move Sharp forward in its turnaround plan, with one source saying it will tide the company over through the business year ending in March. …


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