Sharp Corporation (TSE:6753) agreed to 39.97% stake in S&O Electronics (Malaysia) Sdn. Bhd. from Onkyo Home Entertainment Corporation (JASDAQ:6628) from May 26, 2021.

S&O Electronics (Malaysia) Sdn. Bhd. Sharp Corporation 9.6 million shares in S&O Electronics (Malaysia) Sdn.

Bhd. S&O Electronics (Malaysia) Sdn. Bhd.

reported total assets of ¥9,691 million, Sales of ¥17,403 million, Operating income of ¥622 million, Net income of ¥639 million and Net worth of ¥552 million for year end March 31, 2021. The transaction is expected to complete in June 2021.