Sharp asks turnaround fund to take stake worth up to 30b yen

[TOKYO] Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen (S$343 million) to help with the embattled electronics maker's restructuring, the Nikkei business daily reported.

Japan Industrial Solutions would purchase preferred or common shares in Sharp, the Nikkei said, adding that Sharp hopes to receive the investment by March 2016.

REUTERS