Sharp says sticking to plans to list Dynabook PC unit in FY2021 By Reuters

© Reuters.

TOKYO (Reuters) – Japan’s Sharp Corp (T:) said on Saturday it is sticking to an original plan to list its laptop making unit in the business year from next April, denying a media report that it may take the unit public this year.

The Osaka-based electronics firm hopes to start preparations this year for the laptop unit’s initial public offering, and there are no changes to the original plan to list the unit in the next financial year, a Sharp spokesman said.

The Asian Review had quoted Sharp Chairman and Chief Executive Tai Jeng-wu as saying on Thursday 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 (T:) for $36 million in 2018, marking its return to a market it had quit eight years prior.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*