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Sharp to apply for relisting on TSE's first section


Reuters

TOKYO, June 20 (Reuters) - Sharp Corp <6753.T> will apply
for relisting on the first section of the Tokyo Stock Exchange,
the company said on Tuesday, underlining its recovery under
Taiwanese owner Foxconn.
    The application for relisting will be made on June 29th or
30th, the company said.
    Sharp's shares jumped as much as 4.1 percent to 406 yen in
morning trading in Tokyo.
    The electronics maker's shares were moved to the TSE's
second section last August after it fell into negative net
worth.
    Sharp has since returned to positive net assets after a
capital infusion by Foxconn, formally known as Hon Hai Precision
Industry Co Ltd <2317.TW>, and is forecasting its first annual
net profit in four years.


 (Reporting by Sam Nussey; Editing by Stephen Coates)
 ((sam.nussey@thomsonreuters.com; +81364411596; Reuters
Messaging: sam.nussey.thomsonreuters.com@reuters.net))

Keywords: SHARP STOCKS/ (PIX)



This article appears in: Stocks , Politics


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