Views Article – Sharenet Wealth

Asia, News

Japan’s Sharp Corp may move up Dynabook PC unit IPO -Nikkei

July 3 (Reuters) – Japan’s Sharp Corp has indicated that its laptop making unit may go public this year instead of 2021, the Nikkei Asian Review reported on Thursday.

According to the Nikkei report, the Osaka-based electronics maker’s Chairman and Chief Executive, Tai Jeng-wu, told a news conference he hoped the Dynabook unit could list by the end of 2020.

Sharp bought https://www.reuters.com/article/us-toshiba-sharp-pc/sharp-to-buy-toshiba-pc-business-issue-1-8-billion-in-new-shares-idUSKCN1J101M Dynabook from Toshiba Corp for $36 million in 2018, marking its return to a market it had quit years prior.

The Osaka-based firm sold two idled facilities at its chip plant to Mitsubishi Electric Corp last month, and spun-off its camera module and display devices business in late May, as supply chain disruptions due to the coronavirus outbreak ate into its annual earnings. ($1 = 107.5200 yen) (Reporting by Sameer Manekar in Bengaluru Editing by Chris Reese)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.