Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Sharp Corporation    6753   JP3359600008

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Sharp Plan Won't Add Hon Hai Capital Boost

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 02:45am CEST

TOKYO--Sharp Corp. (>> Sharp Corporation) won't include the so-far unrealized capital injection that it was supposed to get from Hon Hai Precision Industry Co. (>> Hon Hai Precision Industry Co., Ltd.) in its midterm business plan expected to be released at the end of March, the Yomiuri Shimbun reported in its Friday morning edition.

Last year the two companies agreed that Hon Hai would take a 9.9% stake in the Japanese electronics maker at Y550 per share for a total investment of Y66.9 billion, but the deal fell into disarray after Sharp's share price tumbled on the back of poor earnings projections. Sharp's shares were off 2.5% at Y313 in early trading in Tokyo Friday.

The Yomiuri report also said that Sharp is considering receiving a capital injection from creditor banks that does not include Hon Hai.

Sharp later said in a statement that nothing has been decided on the matter and the report is not based on something that the company has released.

Write to Tokyo Bureau at tokyo.djnews@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Sharp Corporation, Hon Hai Precision Industry Co., Ltd.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on SHARP CORPORATION
09:43a Ten most active stocks on Tokyo Stock Exchange
05/24 SHARP : to keep solar panel business under Taiwan's Hon Hai
05/13 Ten most active stocks on Tokyo Stock Exchange
05/13DJSHARP : Shakes Up Management Ranks Ahead of Takeover by Taiwan's Foxconn Technol..
05/12 SHARP : Universal Business Solutions, NA of New York City Honored by Sharp® for ..
05/12 TAIWAN'S INNOLUX, JAPAN'S SHARP LIKE : Innolux chief
05/12DJSharp Gets a Shakeup Ahead of Foxconn Takeover
05/12 URGENT : Sharp posts FY 2015 net loss of 255.97 bil. yen, in red for 2nd yr
05/11 SHARP : mulls slashing over 2,000 jobs amid poor performance
05/11 SHARP : Electronics Corporation Announces Robolliance at PSA TEC 2016
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials