Sharp Postpones LCD Color Filter Biz Integration [Jiji Press English News Service]
(Jiji Press English News Service Via Acquire Media NewsEdge) Osaka, June 28 (Jiji Press)--Sharp Corp. said Thursday it will put off the planned integration of liquid crystal display color filter businesses of a subsidiary and two other firms until Aug. 1 from the previously scheduled Saturday.
Sharp and the two firms, Toppan Printing Co. and Dai Nippon Printing Co. , need more time than expected for procedures for the business integration, Sharp said.
The Sakai, Osaka Prefecture-based subsidiary, Sharp Display Products Corp., or SDP, will absorb the LCD color filter operations of Toppan and Dai Nippon at its Sakai LCD plant to boost the plant's efficiency.
After the business integration, SDP will be owned 37.61 pct each by Sharp and the head of its Taiwanese capital alliance partner Hon Hai Precision Industry Co. and 9.54 pct each by Toppan and Dai Nippon.END
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