By Jonathan Davies

Sony has seen its share price drop 8% after revealing plans to raise billion of dollars through share sales and convertible bonds.

The struggling Japanese electronics giant is hoping to raise 440bn yen ($3.6bn; £2.28bn) to increase production in its image sensing business.

Following years of losses, Sony announced in February that it would spin-off its video-and-audio business in an attempt to make a profit. It is planning to report a 500bn yen profit by March 2018.

It also spun-off its TV business last year and has exited the personal computer industry.