Sharp financing $16.7 billion expansion LCD Asia factory

After solving the debt problem, sharp further promoted its "joint venture with other companies to expand the business" strategy to find more space for development. Sharp posted a package on its official website last week announcing that it would raise up to 166.4 billion yen (about 1.67 billion dollars) by issuing shares and investing from several business partners. Among them, three companies participate in the IPO, which is the electronic tools manufacturer, Makitacorp, auto parts manufacturers (DENSOCORP) and building materials manufacturers (lixilgroup). The fixed issue price of the new shares will be decided on October 7 and October 9. The new venture is announced, Sharp will sell up to 1.5 billion U.S. dollars of shares, and through Third-party partner investment to obtain about 176.15 million U.S. dollars. Sharp said the money would be used to invest in LCD for smartphones and tablets, new factories for home appliances in Asia, and high growth potential markets such as robotics, health care and education development. Sharp's move could significantly ease the capital, and after completing the increase, Sharp's own capital ratios, which fell to 6% by the end of June, will rebound to around 10%. Before sharp issued the medium-term business plan proposed to use the advantage of technology into the new career areas, to get rid of the mode of singles alone, through the joint business with other companies to expand their careers and other ideas. Bulletin shows that the purpose of cooperation with DENSO is to create new value in the field of automobile, which will be used in the field of car business and so on. With Lixil capital and business, the aim is that business cooperation will strengthen sharp in household equipment-related business and will help to increase corporate value, while Lixil capital investment, will have contributed to Sharp's capital policy. The purpose of cooperation with Makita is to bring synergy effects to the value chain including product development, sales and after-sale network, procurement network, etc. A comprehensive search for profit growth point, desert Strawberry for the impact of the financing on sharp, Sharp said yesterday that it could not comment. In addition, Sharp also issued a performance forecast adjustment announcement, Sharp 4-September sales revenue is expected to increase from 1.27 trillion yen to 1.31 trillion yen, operating profit from 15 billion yen to 30 billion yen, the medium-term net profit from the loss of 20 billion yen to 10 billion yen. The sales are expected to increase by 40 billion yen, mainly because of the Better-than-expected sales of large-scale LCD panels and solar-powered TVs, as well as strong sales of products and equipment for healthy environments and business solutions, and the steady sales of electronic components led by camera modules used by smartphones and tablets. Operating profit rose from the previously expected 15 billion yen to 30 billion yen. It is noteworthy that the South are also reporters in Sharp's official website to see Sharp "plant strawberry" news. Mr. Sharp said the plant's laboratory, which has been built in the site of Dubai's own company, has been operating. Sharp hopes to promote the strawberry planting business, the company moved to bring LED lighting business. Apparently, the veteranIn order to get rid of the predicament, Japanese household appliance Enterprises are exploring the profit growth point comprehensively. Reporter Wang Haiyan