Tuesday, April 10, 2012

Reuters: Deals: Sharp to cut stake in LCD plant, gains new partners

Reuters: Deals
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Sharp to cut stake in LCD plant, gains new partners
Apr 10th 2012, 09:33

TOKYO | Tue Apr 10, 2012 5:33am EDT

TOKYO (Reuters) - Sharp (6753.T) said on Tuesday that Dai Nippon Printing Co (7912.T) and Toppan Printing Co (7911.T) will take stakes in its loss-making Sakai LCD plant, bringing Sharp's holding in the factory to less than 40 percent.

Dai Nippon and Toppan will shift their color filter operations to Sharp's Sakai factory.

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