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SHCAY Sharp Corporation (PK)

1.415
-0.015 (-1.05%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Sharp Corporation (PK) USOTC:SHCAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.015 -1.05% 1.415 1.36 1.46 1.415 1.415 1.415 353 21:04:04

Sharp to Deliver Asset Report to Banks

21/08/2012 1:10am

Dow Jones News


Sharp (PK) (USOTC:SHCAY)
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Sharp Corp. (SHCAY) will submit an asset appraisal report to its banks next month to identify businesses the company has to sell in return for funding, the Reuters news agency said Monday on its website, citing unnamed sources at the lenders.

The report is being compiled by two consultants, including PricewaterhouseCoopers, and until the report is ready, Sharp will receive tens of billions of yen in stopgap financing from Mizuho Financial Group and Mitsubishi UFJ Financial Group, the report quoted the sources as saying.

PricewaterhouseCoopers spokeswoman Machiko Wantanbe told the news agency the company didn't have a comment at the moment. It is unclear if Sharp was approached for comment.

Full Story: http://www.reuters.com/article/2012/08/20/sharp-banks-idUSL4E8JK10N20120820

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