Sharp announced on June 5 that it would issue new shares in the form of a public offering, an estimate of 200 billion yen, and use the funds raised to buy back 185 billion yen of preferred shares. June 22, Sharp said that through public offering to increase capital, third party quotas to raise funds will be up to 216.2 billion yen, of which 30 billion yen will be used to invest in 8K and Aiot and other key areas.
And sharp estimates that Hon Hai will still have more than half of its stake in Sharp after the capital increase is implemented. China's National Grid has learned that Sharp's increased capital will have 185 billion yen to buy sharp preferred Shares (Category A stocks) held by Mizuho Bank and Mitsubishi UFJ Bank, which will be cancelled after repurchase;
30 billion yen will be the cost of developing the 8K ecosystem and expanding the Aiot cause by the end of March 2020. If there is any residual funds, it will be used to repay the unsecured company debt. According to foreign media reports, in addition to dealing with the above-mentioned bank's holdings of a type of preferred stock, Sharp will also deal with Hon Hai Group of Holding companies formed by the holdings of ESPLATFORMLP shares of some preferred stock (category C).
Sharp pointed out that after the implementation of the increase, the company estimates Hon Hai's stake in Sharp will decline, but will continue to maintain over half of the level. According to Sharp's securities report revealed that as of March 31, 2018, Hon Hai held a share of sharp shares of 26.07%, Foxconn (FAREAST) for 18.36%, Foxconntechnology 12.96%,
Mr Gou, chairman of Hon Hai, has a real siointernationalholdingslimited of 7.34%.
Sharp also said that currently in the automotive, sensor module and other career areas, and Hon Hai Group including the establishment of joint ventures, including the possibility of cooperation in the future will continue to use the technology advantages of Hon Hai Group, production advantages and cost advantages, the pursuit of multiplication effect, and continue to maintain close cooperation.
In fact, on June 20 at the general meeting of the Sakai City headquarters in Japan, Sharp President Dai Jongwu had stressed that Sharp will be Ultra HD Imaging technology ' 8K ' and artificial intelligence (AI) field as the backbone of the global expansion of business scope, efforts to achieve growth. In addition, on 20th, after the shareholders ' meeting, Dai Jongwu as sharp president of the same time also served as Chairman of the presidency, the full launch of the next President selection. He intends to continue as president before the final year of the current medium-term business plan in 2019.
On the same day, he also said that Sharp (the end of the medium-term plan) March 2020 before the operation of their own responsibility to promote. 30 billion yen investment 8K and Aiot | Sharp turn to offensive operation