We introduced this news about Sharp’s capital alliance with Samsung recently, and today, Sharp announced that they have received payment for their new shares equivalent to 10.4 billion yen (109.3 million USD) from Samsung.
Number of new shares issued: 35,804,000 shares
Issue price: 290 yen per share
Amount of proceeds: 10,383,160,000 yen
Method of offering/allotment: Third party allotment
Big news in the interplay of Japanese and Korean electronics, Sharp Corporation today announced that it will receive a 10.4 billion Japanese Yen (USD111.4m) investment from Samsung Electronics Japan Co., Ltd. and will issues shares equivalent to 3.08% of the voting rights of the company.
Sharp says it is currently supplying Samsung Electronics with LCD panels and through this alliance will be able “secure its source of revenue from LCD business forming the company’s …
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