Sharp says may cut its capital, shares dive 20 pct

A pedestrian walks past a logo of Sharp Corp at a train station in Tokyo February 3, 2014.

/Yuya Shino

Japan's Sharp Corp said it was considering a capital reduction and preferred share issuance as part of its restructuring plan, sending its stock sliding more than 20 percent.The loss making electronics maker is expected to announce details of its capital plans, along with a $1.7 billion bailout from its main lenders, on Thursday.Its shares were down 23 percent in morning trade. (Reporting by Ritsuko Ando and Ayai Tomisawa; Editing by Edwina Gibbs)