Japan Industrial Solutions backs beleaguered Sharp
Turnaround specialist Japan Industrial Solutions (JIS) has invested JPY25 billion ($208 million) in ailing electronics group Sharp as part of JPY225 billion bailout.
The capital injection is being led by the company's creditors - Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ - which will together pay JPY200 billion for 200,000 Class A shares priced at JPY1,000 apiece....
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