By MarketWatch
TOKYO--Sharp Corp. aims to expand its business tie-up with Samsung Electronics Co. beyond liquid crystal displays, and is considering seeking an additional capital injection from the South Korean electronics conglomerate, the Yomiuri Shimbun reported in its Thursday morning edition.
Under a three-year business plan scheduled to be released May 14, Sharp will likely include plan to expand its ties in areas such as copiers.
The struggling Japanese company is also considering an additional capital injection of several tens billions of yen from Samsung, leaving the possibility open for the South Korean company to become Sharp's biggest shareholder, the report said.
Sharp is in desperate need of cash, prompting it to accept a lifeline from rival Samsung. In March, Sharp raised Y10 billion from a new share issuance to Samsung, giving it about a 3% stake in Sharp.
Sharp said in a statement the report wasn't based on anything it had announced.
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