Sharp new rescue plan involves the sale of shares for 250 million dollars

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POSTER: computer news   ||   SHARP NEW RESCUE PLAN INVOLVES THE SALE OF SHARES FOR 250 MILLION DOLLARS	DATE:2015-03-07
Japan Corporation Sharp  at the end of the next fiscal year, which ends with the traditions of the local business in the spring, will be forced to declare statement.  This is the third year in a row that the company completes a loss.  The current restructuring plan did not bring the desired results.  Chinese smartphone makers do not actively buy  Sharp displays, increased competition from Japan Display Inc. According to  Reuters, this week  Sharp guide met with representatives of the two Japanese banks, the largest creditor corporation to discuss debt restructuring.  Sharp also plans to apply to the Fund Japan Industrial Solutions, to receive up to $ 250 million. In exchange for its own shares.  The deal will allow Sharp to get the money, and the fund in the status of one of the shareholders JIS will be able to  monitor the reforms.  Representatives Sharp confined statements that official restructuring plan will be announced in May this year. Banks expect from Sharp bolder reforms without them they are not willing to give us new sums of money.  Combined with a competitor in the face of Japan Display in Sharp are not yet ready.   Sharp still hopes that the difficulties are temporary.  On the other hand, lenders are not in a hurry to have on Sharp excessive pressure.  In 2012, banks have issued Sharp about $ 3 billion. At the current rate in exchange for a promise to return to profitability this year.  Obviously, the recovery plan, which made Sharp withdraw from the European market of television technology and abandon a number of assets in the solar energy, did not work.   Related Products :

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