Sharp Corporation Transfers Subsidiary to Hon Hai Group

Sharp Corporation ( (JP:6753) ) has issued an announcement.

Sharp Corporation announced the transfer of shares of its subsidiary, Sharp Fukuyama Laser Co., Ltd., to Hon Yuan International Investment Co., Ltd., a subsidiary of Hon Hai Precision Industry Co., Ltd. This transaction aligns with Sharp’s strategy to focus on its brand business by divesting certain laser and semiconductor operations. The move is expected to benefit both Sharp and SFL, with SFL shifting towards higher value-added products under the Hon Hai group.

More about Sharp Corporation

Sharp Corporation is a Japanese company engaged in the manufacture and sales of telecommunications equipment, electrical and electronic equipment, and electronic components. Established in 1935, it is listed on the Prime Market of the Tokyo Stock Exchange.

YTD Price Performance: -14.62%

Average Trading Volume: 1,996,275

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen546B

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