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Tokyo - Shares in Sharp tumbled nearly 10% in early trade on Tuesday after the Nikkei business daily reported that the struggling electronics maker plans to request aid from two main lenders, including a ¥150bn ($1.24bn) debt-for-equity swap.
Sharp fell to ¥229 in the first few minutes of trade, down 9.84% from Monday's close, before slightly rebounding to stand at ¥237 mid-morning.
The leading Nikkei said Sharp was seeking to enhance its capital base as it tries to restructure, without giving a source for the information.
