June 22, 2018 / 7:00 AM / 24 days ago

Sharp to issue $2 bln in shares to finance buyback, research

TOKYO, June 22 (Reuters) - Sharp Corp said on Friday it would raise up to 216 billion yen ($2 billion) by issuing new shares and a private placement, using the funds to buy back shares, and on R&D in the fields of 8K and AIoT - an area combining artificial intelligence and Internet of Things.

The Japanese company plans to buy back and cancel 200,000 class A shares, it said.

$1 = 109.9500 yen Reporting by Chris Gallagher, Editing by Sherry Jacob-Phillips

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below