PLANS by Japanese technology giants Sony and Olympus to set up a joint venture to develop medical equipment have again been delayed as they wait for approval from regulators.
The two companies confirmed the hold-up in a statement but did not provide a revised date for the operation to start.
Sony in September said it would pay $532 million (£350m) to become the biggest shareholder in Olympus and announced plans to establish the joint venture by the end of the year.
The tie-up aims to develop a variety of medical devices such as endoscopes used in keyhole surgery.
The investment deal gave a much needed boost to Olympus, which booked a huge loss last financial year after a decade-long accounting scandal was exposed in October 2011.