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Sharp Plunges as Apple Display Maker Considers Capital Cut

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Sharp Corp. plunged the most in Tokyo since 2012 after the debt-saddled display maker for Apple Inc. said it’s considering reducing capital and issuing preferred shares to shore up the balance sheet.

The shares slumped 26 percent, the most since August 2012, to 190 yen. A decision on the company’s capital will be released as part of a mid-term plan to be announced May 14, the company said Monday.