Sharp Said to Offer to Collateralize 360 Billion Yen Of Loans

Sharp Said to Offer to Collateralize 360 Billion Yen Of Loans

Tomohiro Ohsumi/Bloomberg

Sharp, reeling from record losses, submitted its cost cutting proposals to its main banks, Mizuho Financial Group and Mitsubishi UFJ Financial, on Sept. 24, two people with knowledge of the matter said earlier this week.