Sharp shares fall to 2-1/2 month low, sources say Sharp to raise equity
TOKYO (Reuters) - Shares in Sharp Corp (6753.T) sagged 4.4 percent to a 2-1/2 month low of 369 yen on Thursday after sources told Reuters that the TV and display maker is planning to raise as much as 15 billion yen ($150 million) through a public share offering to shore up its finances.
At the same time, the company could raise approximately 20 billion yen in a third-party share allocation, according to a financing plan that has been shared with creditors.
Sharp is expected to decide on the steps at a board meeting scheduled as early as next week, according to the sources who asked not to be identified.
($1 = 99.9850 Japanese yen)
(Reporting by Dominic Lau; Editing by Richard Pullin)
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