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Sharp seeks $630 mln capital raise from Kyocera, Toshiba, funds-Jiji
August 17, 2012 / 6:15 AM / in 5 years

Sharp seeks $630 mln capital raise from Kyocera, Toshiba, funds-Jiji

TOKYO, Aug 17 (Reuters) - Japan’s Sharp Corp is seeking a capital increase totaling about 50 billion yen ($630 million) and is approaching U.S. investment funds as well as Kyocera Corp, Toshiba Corp, among others, Jiji News Agency said on Friday.

Cash-strapped Sharp, which makes screens for Apple Inc’s iPad and iPhone, is hurrying to restructure non-core assets as it faces looming debt rollovers.

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