[Global Technology Reporter Wang Huan] According to "Nihon Keizai Shimbun" reported on March 5, Taiwan's Hon Hai Precision Industry plans to sell part of the 66% Sharp shares held by the Group as early as 2017. The current proposal is to sell about 1% of the shares. As a designated condition for the listing of a Part of the Tokyo Stock Exchange (equivalent to the Main Board), more than 35% of the shares must be circulated in the market. In order to enable Sharp to return to the Eastern Securities Department, Hon Hai sought to meet this condition. When Hon Hai completed its contribution to Sharp in August 2016, it was deemed to have held 66% of its shares on a priority basis.
Data map
Previously, due to the negative impact of over-investment in the LCD business, Sharp's performance deteriorated and the consolidated assets were insolvent at the end of March 2016. Hon Hai Group assumed Sharp's allotment and capital increase, and several of its subsidiaries hold Sharp stocks. Although within 2 years after the signing of the capital increase agreement, if there is no Sharp's consent, Hon Hai may not transfer the shares, but the two companies are considered to be coordinating. Including stock trading and OTC transactions, the specific method of sale will be finalized in the future.
Sharp, which was insolvent, was relegated from the first division of Dongchi to the second division in the summer of 2016. However, it later eliminated the insolvency through the increase of shares. In addition, Sharp has promoted cutting costs under Hon Hai, and its performance has also embarked on a recovery path. The 2016 fiscal year (as of March 2017) is expected to achieve consolidated regular profit for the three fiscal years.
Returning to the Eastern Securities Department is a priority issue for Sharp's restoration of credit and efforts are being made. Sharp President Dai Zhengwu proposed a policy of returning to the Eastern Securities before 2018 and is exploring the fastest return by the end of 2017. With regard to the conditions for returning to Dongyi Securities, Sharp has already met the requirements in terms of the total market value and the number of shareholders, and it also needs to meet the conditions for the ratio of tradable shares.
In fiscal year 2015 (as of March 2016), Sharp made a combined final loss of more than 200 billion yen for two consecutive fiscal years. When Hon Hai used Sharpe as a subsidiary, it planned to invest 489 billion yen before February 2016. However, due to the discovery of Sharp's potential risk factors, Hon Hai lowered its capital contribution to 388.8 billion yen.
Pod System,Prefilled Cartomizer,Vape Atomizer,Vape Atomizers
Shenzhen Xcool Vapor Technology Co.,Ltd , https://www.szxcoolvapor.com