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Sharp's revamp to be sealed soon with Japan state fund investing 200b yen

Wednesday, January 13, 2016 - 05:50
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Under the restructuring plan, Sharp's LCD business will be merged with that of Japan Display, say sources. Despite a US$1.7 billion rescue in May, Sharp has shown few signs of a turnaround.

Tokyo

A US$3 billion restructuring plan for Japanese electronics firm Sharp Corp is likely to be finalised as early as this week, a person with direct knowledge of the discussions said on Tuesday.

State-backed fund Innovation Network Corporation of Japan (INCJ) is leading the