Sharp Reportedly Raising $1.2 Billion To Bolster The Manufacturing Of Its Main Liquid Crystal Display Panel

Posted on Jan 3 2013 - 12:22pm by Editorial Staff
Sharp Corporation

Sharp Corporation

With Qualcomm made half of investment of total $120 million last week in Sharp, the Daily Yomiuri on Thursday citing sources familiar with the matter reported that the company planning to expand its capital base by over 100 billion yen ($1.15 billion), which includes public offering as well as subordinated loans.

The company has been talking with two of main banks – Mizuho Corporate Bank and the Bank of Tokyo – Mitsubishi while it planned to use the fund to bolster the manufacturing of its main liquid crystal display panel manufacturing business line. The company with the fund raised plans to incorporate its capital expansion plan in a medium term management plan which it planned to unveil next month.

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