Sharp Said to Delay Share Sale on Growth Concerns

Sharp Corp. will delay a plan to raise about 100 billion yen ($1 billion) from public and private share sales because of concern with the company’s growth prospects, two people with knowledge of the matter said.

The supplier of screens to Apple Inc. is postponing the plan by about two months until November, one of the people said, asking not to be identified because the matter is private. The Osaka-based company needs more time to develop its growth strategy, the person said.