Sharp will execute the public stock offering of which the upper bound is 200 billion yen

To procure the capital in which 200 billion yen’s worth of the preferred stock that the main two lines in the dealings bank have is bought, Sharp will execute the public stock offering of which the upper bound is 200 billion yen.
Respectively, Sharp receives falling into the management crisis along with the slump of main force’s liquid crystal business, and is allocating the preferred stock to which the dividend is received compared with common shares by priority to Mizuho Bank and Mitsubishi UFJ Bank in the main dealings bank for 100 billion yen.

Sharp will execute the public stock offering of which the upper bound is 200 billion yen to procure the capital in which the preferred stock is bought because of these two lines in Managing Board on the fifth when depending on the announcement.

Sharp is assuming that the normalization of the financial situation advances by buying all preferred stocks of two lines.

Sharp thinks that they want to continue, and to advance the business expansion as a subsidiary company of Honhai though decreases now because of this capital increase the ratio of the stock holdings of a phone high group in Taiwan that is about 65%.
https://www3.nhk.or.jp/news/html/20180605/k10011465641000.html