Skip to content
Subscriber Only

Sharp to Announce Share Sale as Early as Next Week, Yomiuri Says

Sharp Corp. may announce a public share sale and third-party allotment to bolster its balance sheet as early as next week, according to Japanese media reports.

The company plans to raise as much as 200 billion yen ($2 billion), with up to 10 billion yen each of stock to be sold to Makita Corp., Denso Corp. and Lixil Group Corp., Yomiuri said, without attribution. The share sale may be worth 170 billion yen next week, Kyodo reported.