Japanese display maker Sharp, a supplier to Apple, will aim to boost sales to the iPhone maker’s chief rival Samsung Electronics under a three-year rehabilitation roadmap to secure its survival.
The business plan, due for release on Tuesday, will lean further on banks that last year saved it from failure, as a 200 billion yen (HK$15.2 billion) convertible bond will fall due in September, three sources familiar with the plan told Reuters late last week.
via Business feed http://www.scmp.com/business/companies/article/1237383/sharp-seek-samsung-edge-survival-apple-sales-lose-steam
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