Sharp Strengthens Alliance with Samsung Electronics for Liquid Crystal Business
Capital Alliance with Samsung Electronics Japan, a Japanese corporation of
Osaka, Mar 6, 2013 - (JCN Newswire) - Sharp Corporation ("Sharp")
today announces that Sharp has decided to issue new shares through a
third-party allotment ("Third Party Allotment Capital Increase") to
Samsung Electronics Japan Co., Ltd.* ("Samsung Electronics Japan"), a
Japanese corporation of Samsung Electronics Co. Ltd. ("Samsung
Electronics") and form a capital alliance ("Capital Alliance")
with Samsung Electronics Japan.
Sharp will receive capital investment of approximately 10.4 billion yen from
Samsung Electronics Japan and will issue new shares equivalent to 3.08 % of the
voting rights after such capital investment (3.04% if calculated based on the
issued shares total).
The purpose of this Third Party Allotment Capital Increase is to build up
mutual trust relationship toward increase in the corporate value of Sharp and
Samsung Electronics in the field of liquid crystal display ("LCD")
business, and at the same time to enhance Sharp's capital adequacy.
Sharp has been currently supplying Samsung Electronics with LCD panels.
Through this Capital Alliance, Sharp is going to further strengthen the
alliance and continuously provide a long-term, stable and timely supply of LCD
panels for large-size TVs and small- and medium-size LCD panels for mobile
devices such as notebook computers.
This Capital Alliance will enable Sharp to secure its source of revenue from
LCD business forming the company's core. Sharp will certainly position its
business for growth by continuously accelerating implementation of its business
restructuring to realize a "recovery of business performance and
Details of this release are available at
*The wholly owned subsidiary of Samsung Electronics Asia Holding Pte. Ltd.
which is a wholly owned subsidiary of Samsung Electronics.
Sharp Corporation (TSE: 6753) is a worldwide developer of innovative products
and core technologies that play a key role in shaping the future of
electronics. As a leader in liquid crystal displays (LCDs) and digital
technologies, Sharp offers one of the broadest and most advanced lines of
consumer electronics, information products and electronic components, while
also creating new network businesses. For more information, please visit
Corporate Public Relations Division
Phone: +81-6-6625-3006 (Osaka)
Phone: +81-3-3260-1870 (Tokyo)
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
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