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Sharp Corp (SHCAY.PK)

SHCAY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Sharp Corp seeking a roughly 20% stake in Toshiba's memory business in a joint bid with Hon Hai Precision Industry - Nikkei
Monday, 15 May 2017 05:25pm EDT 

May 16 (Reuters) - Nikkei::Sharp Corp seeking a roughly 20% stake in Toshiba's memory business in a joint bid with Hon Hai Precision Industry - Nikkei.  Full Article

Sharp to acquire SAIGON STEC for $3.1 mln
Friday, 12 May 2017 04:28am EDT 

May 12(Reuters) - Sharp Corp <6753.T>:Says it resolves to acquire 51 percent stake of SAIGON STEC Co.,LTD. from Sharp Takaya Electronic Industry Co., Ltd., for $3.1 million or about 354 million yen.Says it will raise voting power in SAIGON STEC to 51 percent from 0 percent .Says transaction will effective on June 30.  Full Article

Sharp to buy Vietnamese arm of Sharp Takaya Electronic Industry - Nikkei
Thursday, 27 Apr 2017 04:14pm EDT 

April 28 (Reuters) - Nikkei ::Sharp will spend several billion yen to buy the Vietnamese arm of sharp takaya electronic industry, of which sharp owns a 40% stake- Nikkei.Sharp's Kameyama plant in Mie prefecture will start producing smartphone camera modules this summer, with personnel there to double to 4,000 - Nikkei.  Full Article

Sharp unit says uncollectible or delayed receivables of $485,000
Thursday, 27 Apr 2017 02:25am EDT 

April 27(Reuters) - Sharp Corp <6753.T>:unit Sharp Electronics Corporation says concern of uncollectible or delayed receivables of $115,000 from HH Gregg Appliances, Inc and $370,000 from US Motivation, Inc..This is due to business suspension of the two firms.  Full Article

Sharp Corp will likely report FY group net loss of around 25 bln yen - Nikkei
Monday, 24 Apr 2017 01:09pm EDT 

April 24 (Reuters) - Nikkei::Sharp Corp will likely report a group net loss of around 25 billion yen ($227 million) for the fiscal year ended March 31 - Nikkei.Sharp apparently secured pretax profit of more than 10 billion yen for fiscal year ended March 31, compared to 192.4 billion yen pretax loss prior year - Nikkei.  Full Article

Sharp unit SEC announces lawsuits
Friday, 21 Apr 2017 03:36am EDT 

April 21 (Reuters) - Sharp Corp <6753.T> ::* Says United Mechanical Inc (UMI) filed a lawsuit against co's U.S.-based unit Sharp Electronics Corporation (SEC) .* UMI claimed that there' re quality issues in the multifunction printers provided by SEC and requested SEC to pay $220,000, relevant delay damages as well as lawsuit related fees.* Says Admiral Indemnity Company, Travelers Indemnity Company, and Ameriprise Auto and Home Insurance (plaintiffs) filed a lawsuit against the unit SEC .* Plaintiffs requested SEC to pay over $650,000 as compensation for damages and to bear relevant lawsuit fees .  Full Article

Sharp says unit SEC to merge US unit SEMA
Thursday, 16 Mar 2017 03:15am EDT 

Sharp Corp <6753.T> : Says co's wholly owned unit Sharp Electronics Corporation (SEC) plans to merge SEC's wholly owned US-based unit Sharp Electronics Manufacturing Company of America Inc (SEMA), in April .Says the unit SEMA will be dissolved after transaction.  Full Article

Sharp to start producing parts for smartphone cameras at plant complex in Kameyama - Nikkei
Tuesday, 14 Mar 2017 01:13pm EDT 

Nikkei: Sharp Corp will start producing parts for smartphone cameras at its plant complex in Kameyama - Nikkei .President Tai Jeng-Wu said Sharp will consider resuming dividend payments in the year through March 2018 - Nikkei.  Full Article

Foxconn is considering parting with roughly 1 pct interest in Sharp as soon as this year - Nikkei
Thursday, 2 Mar 2017 12:05pm EST 

Nikkei:Taiwan's Hon Hai Precision Industry is considering parting with a roughly 1 pct interest in sharp as soon as this year - Nikkei.  Full Article

Sharp to form business alliance with Fabrigene Limited after restructuring of healthcare medical business
Friday, 24 Feb 2017 02:50am EST 

Sharp Corp <6753.T>: Says the co plans to split its part of healthcare medical business and properties, to restructure them into three wholly owned units, a Hyogo-based medical equipment firm, Sharp Healthcare and Medical (U.K.) Limited and Lacamas Life Sciences, Inc. . Says the co plans to transfer the three units to its wholly owned subsidiary Sharp Healthcare and Medical Company KY and it will play the role of the holdings company of the three units . Says Sharp Healthcare and Medical Company KY will issue 208.7 million new shares to a Cayman Islands-based firm, Fabrigene Limited, for $25 million . Says Sharp Corp and Fabrigene Limited will hold 48.8 percent and 51.2 percent stake in Sharp Healthcare and Medical Company KY respectively after the restructuring and the transaction .Says effective date on March 31.  Full Article

More From Around the Web

BRIEF- Sharp announces joint management commercialization of μLED display

* Says it will take a part in joint management commercialization of μLED display, with U.S.-based firm eLux Inc., British Virgin Islands-based firm CyberNet Venture Capital Corporation, Taiwan-based firm Advanced Optoelectronic Technology Inc. and Innolux Corporation, through offering μLED display production technology related patents to eLux Inc., on Oct. 1