TMCnet News
Sharp sells 8.05% stake in Pioneer(Japan Economic Newswire Via Acquire Media NewsEdge) Sharp Corp. has sold its 8.05 percent stake in Pioneer Corp. to Mitsubishi UFJ Morgan Stanley Securities Co., a report filed with the government showed Friday. The troubled electronics maker sold its 30 million Pioneer shares for roughly 9.7 billion yen in an effort to improve its bottom line for the current fiscal year ending in March. Pioneer is also slated to sell 10 million Sharp shares representing a 0.59 percent stake. (c) 2014 Kyodo News [ Back To TMCnet.com's Homepage ] |