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Sharp Corp (SHCAY.PK)

SHCAY.PK on OTC Markets Group

2.88USD
24 Feb 2017
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$0.01 (+0.35%)
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Latest Key Developments (Source: Significant Developments)

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

Sharp to dissolve JV established with Dai Nippon Printing
Thursday, 9 Feb 2017 02:00am EST 

Sharp Corp <6753.T> : Says co plans to dissolve the color filter manufacturing JV established with Dai Nippon Printing Co Ltd <7912.T> in late February . Says co and Dai Nippon Printing are holding 50.1 percent stake and 49.9 percent stake in the JV respectively .Says liquidation is expected to be completed in May.  Full Article

Sharp unit to buy Fritz Schumacher AG for 17.2 mln Swiss franc
Wednesday, 8 Feb 2017 02:05am EST 

Sharp Corp <6753.T> :Says its unit Sharp Electronics(Europe) GmbH plans to fully acquire 100 percent stake of shares in Fritz Schumacher AG for 17.2 million Swiss franc, on Feb. 8.  Full Article

Samsung Elec says TV panel supply disrupted as Sharp halts supply
Monday, 23 Jan 2017 09:01pm EST 

: Samsung Electronics Co Ltd <005930.KS> says Sharp Corp <6753.T> halted TV panel supply without prior consultations . Says discontinuation has caused a supply disruption for some TV panels . Says to adopt high-end features in low-end smartphones to compete with Chinese rivals Further company coverage: [005930.KS] (Reporting by Hyunjoo Jin) ((hyunjoo.jin@thomsonreuters.com;)).  Full Article

Sharp unit SEC receives lawsuit from Allstate Vehicle and Property Insurance Company for claiming damage
Wednesday, 11 Jan 2017 02:00am EST 

Sharp Corp <6753.T> : Says Allstate Vehicle and Property Insurance Company files a lawsuit against Electrolux North America and co's unit Sharp Electronics Corporation (SEC) .Allstate Vehicle and Property Insurance Company claims$99,608.38 as compensation for damages from SEC.  Full Article

Sharp's unit reaches settlement in US
Tuesday, 10 Jan 2017 02:29am EST 

Sharp Corp <6753.T> : Says its household appliance sales unit Sharp Electronics Corporation (SEC) reaches settlement with plaintiffs in five lawsuits .Says SEC will pay plaintiffs totaling $1.18 million as settlement.  Full Article

Sharp says business alliance with Skytec Group and acquisition of shares of SKYTEC UMC
Thursday, 22 Dec 2016 02:57am EST 

Sharp Corp <6753.T>: says it has decided to conduct a new business alliance with Skytec Group Limited (“Skytec”) in order to promote the manufacturing and sale of Sharp brand products and services and enhance the Sharp brand in Europe, and to acquire from Skytec the SKYTEC UMC LTD(“SUMC”) shares possessed by Skytec and thereby make SUMC Sharp’s subsidiary .Says it will hold 56.7 percent voting rights in SKYTEC UMC expected on Feb. 10, 2017.  Full Article

Sharp plans business alliance with Mango International Group Limited
Thursday, 22 Dec 2016 02:48am EST 

Sharp Corp <6753.T> : Says it plans to form a business alliance with Mango International Group Limited which is mainly engaged in free rental service (handy) for smart phone . Co will inject 2.995 billion yen in handy Japan Co Ltd which was established by co with registered capital of 5 million yen, on Dec. 26 .Says co plans to use entire shares (equivalent of 3 billion yen) in handy Japan Co Ltd, as investment in kind to exchange for 14.4 percent stake in handy Japan Holdings Company Limited which is wholly owned by Mango International Group Limited currently, on Jan. 1, 2017.  Full Article

Sharp, Hon Hai production JV likely to stop supplying LCD panels to Hisense Group for use in TVs - Nikkei
Tuesday, 20 Dec 2016 12:20pm EST 

Nikkei:Production JV of Sharp, Hon Hai Precision Industry to likely stop supplying LCD panels next year to China's Hisense Group for use in TV's - Nikkei.  Full Article

Sharp units to reach settlement on CRT cartel issue
Tuesday, 20 Dec 2016 05:45am EST 

Sharp Corp <6753.T> : Says its units Sharp Electronics Corporation and Sharp Electronics Manufacturing Company of America Inc (plaintiffs) decided to reach settlement with CRT maker Technicolor SA (the former Thomson SA) included three firms (defendants) on price cartel issue in CRT business .Says defendants will pay $47 million as settlement.  Full Article

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