OSAKA – Struggling electronics maker Sharp Corp. plans to raise about ¥100 billion through a public stock offering to repay part of ¥200 billion in convertible debt due in September, sources said Tuesday.
The company’s two main creditor banks — Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi UFJ — have signed off on the plan amid signs of a pickup in Sharp’s performance, reversing an initial cautious stance, the sources said.
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