Sharp Corporation has decided to dissolve and to liquidate the following 2 subsidiaries.
1.Sharp Technology (Taiwan) Corporation
| 1) |
Company Profile |
| Company Name: |
Sharp Technology (Taiwan) Corporation |
| Location: |
Taipei, Taiwan |
| Representative: |
Masamitsu Takahashi |
| Business: |
Research and Development |
| Date of Establishment: |
25th February 1992 |
| Common Stock: |
NT$ 80,000,000 |
| Number of Shares: |
8,000,000 |
| Fiscal Year-End: |
31st March |
| Number of Employees: |
20 (as of 31st March 2007) |
| Ownership of Shares: |
Sharp Corporation 99.95% |
|
Sharp Electronics (Taiwan) Co., Ltd. 0.05%
|
| 2) |
Reason for Dissolution and Liquidation |
The company has been operated as Own Design Manufacturing Company in Taiwan. But recently, the Company’s business is decreasing because most Taiwan companies have set up their manufacturing bases in China, and Sharp Corporation is now developing new products of one-of-a-kind character in Japan. So Sharp Corporation has decided to dissolute and liquidate the company.
|
| 3) |
Schedule |
Completion of Liquidation is planned for the end of March 2008.
|
| 4) |
Impact on Sharp Corporation’s Results |
The dissolution and liquidation of the company will have only a slight impact on Sharp Corporation’s results and the Sharp Group’s consolidated results.
|
2. Sharp Microelectronics Technology (Malaysia) Sdn. Bhd.
| 1) |
Company Profile |
| Company Name: |
Sharp Microelectronics Technology (Malaysia) Sdn. Bhd. |
| Location: |
Selangor, Malaysia |
| Representative: |
Mitsuyoshi Hayakawa |
| Business: |
User Support for Electronics Components |
| Date of Establishment: |
20th September 2002 |
| Common Stock: |
M$ 600,000 |
| Number of Shares: |
300,000 |
| Fiscal Year-End: |
31st March |
| Number of Employees: |
4 (as of 31st March 2007) |
| Ownership of Shares: |
Sharp Electronics (Singapore) Pte., Ltd. 100%
|
| 2) |
Reason for Dissolution and Liquidation |
|
The company has been a User Support Company for Electronics Components in Malaysia. But recently, the Company’s business is decreasing because most users (Japanese Companies etc.) have set up their manufacturing bases in China. So Sharp Corporation has decided to dissolute and liquidate the company.
|
| 3) |
Schedule |
|
Completion of Liquidation is planned for the end of October 2008.
|
| 4) |
Impact on Sharp Corporation’s Results |
|
The dissolution and liquidation of the company will have only a slight impact on Sharp Corporation’s results and the Sharp Group’s consolidated results. |
| The following information is true and accurate at the time of publication. Manufacture, sale, price and specifications of products may be subjected to change. |
|