Japan's Sharp Corp may move up Dynabook PC unit IPO -Nikkei [Reuters]
SHARP CORP UNSP/ADR (SHCAY)
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Source: Reuters
Japan's Sharp Corp. may move up Dynabook PC unit IPO: Nikkei (Reuters) - Japan’s Sharp Corp ( 6753.T ) 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 here Dynabook from Toshiba Corp ( 6502.T ) 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 ( 6503.T ) 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.
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