Friday, March 29, 2024
Search
  
Thursday, March 28, 2013
 Sharp Receives 10 bil. yen Investment From Samsung
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail: * Required!
Recipient (e-mail): *
Subject: *
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
 
Message Text: Sharp today confirmed the payment for the issue of new shares by third party allotment to Samsung Electronics Japan Co., Ltd., has been completed.

Sharp issued 35,804,000 new shares alloted to Samsung, priced at 10,383,160,000 yen -- 290 yen per share. The move would giving the South Korean electronics conglomerate about a 3% stake in Sharp. and would allow it secure a supply of liquid-crystal displays.

Strugling Sharp is also trying to develop business alliances and include them in its next business plan to revive earnings.

In September, the Japanese company signed an agreement with Japanese banks for a 360 billion yen loan. The company secured 30 billion yen in funds from three banks this month, according to reports.

In December, Sharp said Qualcomm would pay as much as 9.9 billion yen for a stake and would cooperate on display technology.

Bloomberg also today reported that Sharp was considering seeking investments from private equity funds or even sell shares to the public to replenish dwindling cash.
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2024 - All rights reserved -
Privacy policy - Contact Us .