Japanese banks from bankruptcy save Sharp

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POSTER: computer news   ||   JAPANESE BANKS FROM BANKRUPTCY SAVE SHARP	DATE:2015-05-15
The Japanese corporation Sharp have  been waiting for decisive action on the restructuring, it was able to negotiate with creditors on a new stage of financing on a quiet comfortable conditions.  At least, the business of producing television for the domestic market will not be sold in Japan, Sharp will retain  production of displays for mobile devices.  Experts say that the technological advancement of the last is high, but  economic benefits it does not provide.  Bet on Apple did not materialize, and the Chinese smartphone makers quickly enough turned away from displays Sharp, as soon as there were more affordable local alternatives. Note that the release of the Sharp TVs in Europe has declined and now the Japanese corporation is looking for a partner to rent the brand in the North American TV market.   A group of Japanese banks reached an agreement with Sharp on the allocation of the next credit in the amount of $ 1.9 billion. In exchange for a promise of two hundred or more times to reduce the size of the share capital, to sell the headquarters building and a part of the preferred shares of the corporation.  Chapter Sharp Kozo Takahashi  to leave his post is not going to because it believes that the planned reform them it should be completed.  Lenders have hinted that Sharp will still have to think about the future of their business for the production of LCD panels - for example, to team up with other manufacturers.  In the next couple of years, Sharp is going to enter the operating break-even.  Companies will have to cut about 10% of the personnel - nearly 5,000 people.  In the future, Sharp will have to act decisively to avoid disturbing the creditors. Related Products :

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