Ron Burgundy Posted January 12, 2016 Share Posted January 12, 2016 By Taro Fuse TOKYO (Reuters) - A $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 ($1.7 billion) in the plan, the source added, confirming earlier media reports. The Osaka-based company is also asking Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank to convert about 150 billion yen ($1.3 billion) of existing loans into preferred shares, said the source, who declined to be named as the discussions remained confidential. View the full article Quote Link to comment Share on other sites More sharing options...
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