Arab Today, arab today creditor banks plan 15bn in new loans to sharp
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Creditor banks plan $1.5bn in new loans to Sharp

Arab Today, arab today

Arab Today, arab today Creditor banks plan $1.5bn in new loans to Sharp

Tokyo - UPI

Japanese electronics maker Sharp Corp. is likely to get 150 billion yen in new loans from its main creditor banks, sources told Kyodo News Wednesday. The report, quoting sources close to the developments, said Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi UFJ had earlier planned on a 100 billion yen additional credit line but plan to raise it to 150 billion yen ($1.51 billion) to help the Osaka-based company, a leading maker of liquid crystal displays, rebuild its business and recover earnings at the earliest. Additionally, the Bank of Tokyo-Mitsubishi UFJ plans to send Yoshihiro Hashimoto, president of Mitsubishi UFJ Capital Co., to serve as an executive-level officer at Sharp, the report quoted the sources as saying. Kyodo said Sharp plans to use the funds under the credit line to repay some of its 200 billion yen ($2.018 billion) in convertible debt due at the end of September.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today creditor banks plan 15bn in new loans to sharp Arab Today, arab today creditor banks plan 15bn in new loans to sharp

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today creditor banks plan 15bn in new loans to sharp Arab Today, arab today creditor banks plan 15bn in new loans to sharp

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday