Sharp / Samsung – Samsung Electronics invests 10.4 billion JPY for 3.08% stake in Sharp Electronics

Published on March 6th,2013 at 5:09 PM
By >Stephen

Sharp / Samsung – Samsung Electronics invests 10.4 billion JPY for 3.08% stake in Sharp Electronics

Category: Announcement - Tags: -Japan, investment, Korea, Lcd, Samsung, Share issue, Sharp, Strategic investment, Tie-up

Big news in the interplay of Japanese and Korean electronics, Sharp Corporation today announced that it will receive a 10.4 billion Japanese Yen (USD111.4m) investment from Samsung Electronics Japan Co., Ltd. and will issues shares equivalent to 3.08% of the voting rights of the company.

Sharp says it is currently supplying Samsung Electronics with LCD panels and through this alliance will be able “secure its source of revenue from LCD business forming the company’s core”.

Certainly we have seen the rise in stature of Korean electronics and Samsung in particular, and this investment signals their ability to grow their strategic investments in key markets around the world.

Samsung Electronics Japan Co., Ltd. is a wholly owned subsidiary of Samsung Electronics Asia Holding Pte. Ltd. which is a wholly owned subsidiary of Samsung Electronics.

Via Sharp

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Category Announcement

Sharp / Samsung – Samsung Electronics invests 10.4 billion JPY for 3.08% stake in Sharp Electronics

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