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Japan's Sharp Corp may move up Dynabook PC unit IPO - Nikkei

07/02/2020 | 05:47pm

Japan's Sharp Corp has indicated that its laptop making unit may go public this year instead of 2021, the Nikkei Asian Review reported on Thursday.

According to the Nikkei report, the Osaka-based electronics maker's Chairman and Chief Executive, Tai Jeng-wu, told a news conference he hoped the Dynabook unit could list by the end of 2020.

Sharp bought https://www.reuters.com/article/us-toshiba-sharp-pc/sharp-to-buy-toshiba-pc-business-issue-1-8-billion-in-new-shares-idUSKCN1J101M Dynabook from Toshiba Corp for $36 million in 2018, marking its return to a market it had quit years prior.

The Osaka-based firm sold two idled facilities at its chip plant to Mitsubishi Electric Corp last month, and spun-off its camera module and display devices business in late May, as supply chain disruptions due to the coronavirus outbreak ate into its annual earnings.

(Reporting by Sameer Manekar in Bengaluru; Editing by Chris Reese)

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