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Sharp shares plummet over new capital plan
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Sharp shares plummet over new capital plan
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12th May 2015, 05:38
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,500
 |  Sharp shares plummet over new capital plan Japan’s Sharp has seen a third of the value of its shares fall after telling the world it was considering a capital reduction and preferred share issuance. Investors apparently did not realise how much trash the company was scraping from the gutter of despair after years of losses. A person familiar with the matter said the electronics manufacturer is planning to slash its capital from more than $1 billion to just $830,000 as part of a drastic restructuring plan. Sharp has been hit hard by mounting competition from cheaper Asia rivals in core its core liquid crystal panel display business. http://www.techeye.net/business/shar...w-capital-plan |
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