[Reuters] Renesas to approach shareholders for support Thursday: Nikkei

Posted by: UGN Security

[Reuters] Renesas to approach shareholders for support Thursday: Nikkei - 05/31/12 02:11 AM

TOKYO (Reuters) - Japan's Renesas Electronics Corp will present a plan to Hitachi Ltd and other major shareholders on Thursday under which the loss-making chipmaker will seek to raise more than 100 billion yen ($1.3 billion) to pay for restructuring costs, the Nikkei newspaper said.