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

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 bailout, which would be Sharp's third major package in three years, and would invest more than 200 billion yen (S$2.4 billion) in the plan, the source added, confirming earlier media reports.