Sharp Corp announced that it would raise up to USD 1.68 billion through a public offer and third party placements.
Sharp Corp
Sharp planned to issue 450 million new shares in a USD 1.7 billion fundraising plan.
Sources told Reuters that electronics maker Sharp Corp. would be raising USD1.7 billion to keep itself afloat until the end of the business year in March next year.
Sharp Corp announced that they are looking into ways to raise funding needed for capital investments.
Beleaguered Japanese consumer electronics maker Sharp Corp is likely to attract investments from US-based Intel Corp and Qualcomm Inc towards the end of the month.
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.
Taiwan's Hon Hai Precision Industry (2317.TW) said it was in talks with Sharp Corp (6753.T) about buying a bigger stake in the struggling Japanese TV maker.
Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies.
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.
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