Sharp (SHCAF.PK) reportedly plans to raise ¥100B ($1B) by the end of the year through a public...

|About: Sharp Corp. (SHCAF)|By:, SA News Editor

Sharp (SHCAF.PK) reportedly plans to raise ¥100B ($1B) by the end of the year through a public offering of ¥90B worth of shares and a sale of ¥10B in stock to housing appliance maker Lixil Group. Sharp, which is a major supplier to Apple for its iPhones but has faced serious financial difficulties over the past year, has approached other companies about investing also. Those who already have include Samsung and Qualcomm.