The Traderszone Network

Published in TZ Latest News 19 March, 2015 by The TZ Newswire Staff

Sharp says not considering LCD spin-off as banks seek overhaul

Loss-making Japanese electronics firm Sharp Corp said it’s not considering spinning off its liquid crystal display business as part of a bailout plan under discussion with lenders seeking restructuring moves in return for extending support. “This is not something we announced, nor is it something we are considering,” Sharp said in a statement on Friday. Sankei’s report followed other media coverage on expected changes at Sharp, including a possible exit from North American TV manufacturing, in return for a bailout by banks.

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