Sharp Confirms Key $4.6 Billion Financial Deal

Posted on Sep 28 2012 - 5:28am by Editorial Staff

10,000 Jobs Cuts, closure of Malaysian Plant and the latest pulling out its solar plant business both in the US and Europe, the company finally seems getting some relief over the time. Japanese tech firm Sharp has confirmed that it has close an agreement for a key $4.6 billion financial deal in order to help bail it out of the financial issues going in the company. A note on company’s investor site citing Mizuho Corporate Bank and Bank of Toyota-Mitsubishi UFJ as lending the struggling company 180 billion yen, as part of a contract that ends 30 June 2013 and includes an equal sum in credit detailing as the “working capital loan.”

 
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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.