Sharp Corp (6753.T)
* Index still down 0.95 pct in week punctuated by trade tensions
TOKYO Japan's Sharp Corp scrapped a plan to issue up to $2 billion in new shares, changing its mind in a matter of weeks after the initial announcement prompted investors to dump its shares on fears of earnings per share dilution.
* Company cites trade friction for move (Adds analyst's comment, updates shares)
TOKYO Japan's Sharp Corp scrapped a plan to issue up to $2 billion (1.53 billion pounds) in new shares, changing its mind in a matter of weeks after its shares slumped as investors worried about dilution to its earnings.
TOKYO, June 29 Japanese stocks dropped on Friday morning as simmering worries over a trade fight between the United States and its major trading partners kept investors on tenterhooks, while Sharp jumped after it cancelled plans to issue new shares.
TOKYO, June 29 Japan's Sharp Corp on Friday cancelled plans to issue up to $2 billion in new shares, saying trade friction between the United States and China has increased volatility in the stock market.
TOKYO, June 22 Sharp Corp said on Friday it would raise up to 216 billion yen ($2 billion) by issuing new shares and a private placement, using the funds to buy back shares, and on R&D in the fields of 8K and AIoT - an area combining artificial intelligence and Internet of Things.
TOKYO Japan's Sharp Corp said it will buy Toshiba Corp's personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.
TOKYO Japan's Sharp Corp said on Tuesday it will issue new shares worth about 200 billion yen ($1.8 billion), sending shares of the company tumbling.
* Sharp shares pare losses to end 4 pct lower (Recasts with share issue)