Welcome to The Forum

Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads

Sharp Says May Reduce Capital, Shares Slide Nearly A Third


Ron Burgundy
 Share

Recommended Posts

A pedestrian walks past a logo of Sharp Corp at a train station in TokyoJapan's Sharp Corp said it was considering a capital reduction and preferred share issuance, wiping nearly a third off its market value at one stage on Monday as investors reeled from the severity of its distress after years of losses. Sharp has been hit hard by mounting competition from cheaper Asia rivals in core its core liquid crystal panel display business. Japanese media have suggested the capital reduction is aimed at easing its tax burden as the smaller capital base will allow Sharp to be classified as a small to medium-sized enterprise for tax purposes. Sharp declined to provide further details on Monday, saying that it would make a final decision by Thursday, when it announces a new business plan.




View the full article
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share