Mar 06
Sharp / Samsung – Samsung Electronics invests 10.4 billion JPY for 3.08% stake in Sharp Electronics
Posted in: Today's ChiliBig 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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