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Electronics giant Sharp continues to woo Taiwan's Hon Hai

Sharp is one of the biggest names in consumer electronics but it is in desperate need of a cash injection.

The company has already had its debt downgraded to junk bond status, and its shares have tumbled.

This has complicated its efforts to sell a stake in itself to Taiwanese electronics giant Hon Hai.

Sharp's chief executive Okuda Takashi is reportedly considering visiting Taiwan to try to close the deal.

Nitin Soni, from Fitch Ratings told the BBC's Asia Business Report the two companies need each other.

  • 04 Sep 2012