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Japan's Sharp secures US$1.9b bailout

Friday, May 15, 2015 - 05:50

Tokyo

JAPAN'S Sharp Corp said that it had secured a US$1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals.

Mizuho Bank and Bank of Tokyo-Mitsubishi

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