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Panasonic Corp (PCRFY.PK)

PCRFY.PK on OTC Markets Group

12.55USD
26 May 2017
Change (% chg)

$-0.12 (-0.95%)
Prev Close
$12.67
Open
$12.35
Day's High
$12.66
Day's Low
$12.35
Volume
61,907
Avg. Vol
125,958
52-wk High
$12.71
52-wk Low
$8.31

Latest Key Developments (Source: Significant Developments)

Panasonic to build up to 50 pct more televisions in Asia outside Japan by fiscal 2020 - Nikkei
5:09pm EDT 

May 30 (Reuters) - Nikkei -:Panasonic to build up to 50 pct more televisions in Asia outside Japan by fiscal 2020, targets 3 million units of production capacity in region by 2020 - Nikkei.  Full Article

Panasonic Holding launches mandatory public takeover bid for remaining Zetes Industries' shares
Wednesday, 17 May 2017 01:01pm EDT 

May 17 (Reuters) - ZETES INDUSTRIES SA ::PANASONIC HOLDING (NETHERLANDS) B.V. LAUNCHED TODAY ITS MANDATORY PUBLIC TAKEOVER BID IN CASH FOR THE REMAINING 42.99% OF THE SHARES ISSUED BY ZETES.OFFERED PRICE OF EUR 54.50 PER SHARE.BIDDER INTENDS TO LAUNCH A SIMPLIFIED SQUEEZE-OUT.  Full Article

Panasonic to add regional production base in Vietnam - Nikkei
Monday, 15 May 2017 03:47pm EDT 

May 16 (Reuters) - Nikkei: :Panasonic to place its entities handling consumer electronics sales in Europe and North America under control of Appliances Company in fiscal 2018 - Nikkei.Panasonic to add to its four regional production bases by making air conditioners in Vietnam - Nikkei.  Full Article

Panasonic offers ToB for shares of PanaHome instead of stock swap
Friday, 21 Apr 2017 05:53am EDT 

April 21(Reuters) - Panasonic Corp <6752.T>:Says it will no longer do share swap with its unit PanaHome.Says it plans to spend 92.4 billion yen on tender offer for all remaining shares of unit PanaHome <<<1924.T>>>, offering to pay 1,200 yen per PanaHome share.Offering period from April 28 to June 13.Settlement starts June 20.  Full Article

Panasonic to dissolve unit MTPD and forgives debts worth 100 bln yen
Thursday, 30 Mar 2017 03:53am EDT 

Panasonic Corp <6752.T> : Says it plans to dissolve and liquidate its wholly owned unit MTPD, which is mainly engaged in provision of cathode-ray tube related technology service . Says dissolution effective in Nov. 2018 and liquidation is expected to be completed in March 2019 .Co plans to forgive debts borrowed by the unit MTPD, worth 100 billion yen.  Full Article

Taiwan Sanyo Electric to pay cash dividend of T$1.05 per share for 2016
Thursday, 23 Mar 2017 05:02am EDT 

Taiwan Sanyo Electric Co Ltd <1614.TW>:Says it will pay cash dividend of T$1.05 per share for 2016.  Full Article

SolarCity reports FY 2016 net loss of $820.4 million
Wednesday, 1 Mar 2017 05:19pm EST 

SolarCity Corp: Says FY revenue was $730.3 million versus $399.6 million last year . Says FY net loss was $820.4 million . SolarCity, owned by Tesla Inc, says its total consolidated indebtedness was $3,580.4 million as of December 31, 2016 - SEC filing . Says anticipate significantly reduced expenditures related to manufacturing operations at Riverbend manufacturing facility in Buffalo, New York . Says agreed to spend or incur about $5 billion in combined capital, costs in state of New York during 10-year period following full production of Riverbend manufacturing facility . Says expect significantly reduced expenditures at Riverbend facility as a result of manufacturing relationship with Panasonic . Says as of December 31, 2016, company had approximately 12,243 total employees compared with 15,273 total employees as of December 31, 2015 . Says anticipate commencing solar module and solar roof manufacturing in the second half of 2017 with photovoltaic cells sourced from Panasonic . Says "working towards ramping production to 1 gigawatt of solar cell production by 2019" . Says identified potential modifications to manufacturing equipment, factory layout related to solar cell manufacturing line at Buffalo Plant.  Full Article

Panasonic to set up co overseeing Chinese home appliances operations - Nikkei
Monday, 27 Feb 2017 01:41pm EST 

Nikkei : Panasonic will set up in Zhejiang province a company overseeing its Chinese home appliances operations - Nikkei . Panasonic aims to raise its chinese sales of home appliances 50% from fiscal 2015 levels to 13.3 billion yuan ($1.93 billion) for fiscal 2018 - Nikkei .The company Panasonic AP China, to be launched on April 1, will be run by Liang Wu, chief of Panasonic Home Appliances (Hangzhou) - Nikkei.  Full Article

Wowow to buy IMAGICA TV and Actvila Corp
Friday, 24 Feb 2017 01:28am EST 

Wowow Inc <4839.T>: Says the co plans to fully buy IMAGICA TV from Imagica Robot Holdings Inc<6879.T> for 2.71 billion yen on April 3 . Says the co plans to raise 75.7 percent stake in Actvila Corp up from 0 percent, for 795 million yen, on March 31 .Says Actvila Corp is 56.4 percent owned by Panasonic Corp <6752.T>.  Full Article

Panasonic to increase air conditioner output in Asia - Nikkei
Wednesday, 8 Feb 2017 04:42pm EST 

Nikkei: Panasonic has started manufacturing air conditioners in Thailand and will build more in Malaysia; new line can turn out 500,000 units annually - Nikkei . Panasonic seeks to maintain double-digit annual growth in its Asian appliance business until 2020 - Nikkei .Panasonic's air conditioner production base in Malaysia will see annual capacity rise by 1 million units to 3.5 million by March - Nikkei.  Full Article

More From Around the Web

BRIEF-Panasonic to build up to 50 pct more televisions in Asia outside Japan by fiscal 2020 - Nikkei

* Panasonic to build up to 50 pct more televisions in Asia outside Japan by fiscal 2020, targets 3 million units of production capacity in region by 2020 - Nikkei Source text for Eikon: Further company coverage: