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Sharp aims to raise US$1b from share sales by end-Sept: Kyodo

Japan’s Sharp Corp is aiming to raise 100 billion yen (HK$ 7.75 billion) from share sales by the end of September as the struggling display maker looks to partnerships and a public offering to bolster its finances, media reports and sources familiar with the situation said on Friday.

The company plans a public offering of 90 billion yen by end-September, Kyodo news agency reported, while two sources familiar with the matter said it plans to raise 10 billion yen through a share sale to housing appliance maker Lixil Group Corp.


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