Shares of Sony Corp tumbled over 10 per cent on Thursday, a day after the consumer electronics maker said it will raise 150 billion yen (US$1.9 billion) through a sale of convertible bonds to help finance a series of investments.
Sony, beset with falling demand in its core TV business and the growth of rivals like Apple and Samsung Electronics, has invested in an assortment of businesses from medical equipment to cloud gaming after CEO Kazuo Hirai took the helm in April.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1082945/sony-tumbles-convertible-bonds-issue
No comments:
Post a Comment