International. Technology maker Sharp is still looking to solve its economic situation, which has been seriously affected in recent years. His new step was to receive a loan for US$313 million.
And it is precisely that the difficult economic situation made it unfeasible that he could get the money from the banks. But, as it transpired, Resona Bank Ltd., Mizuhho Trust & Banking Co. and Mitsubishi UFJ Trust & Banking Corp, are the entities that will each lend 10 billion yen.
But one of the reasons why the banks may have allowed Sharp access to this money may be the recent business with Samsung, which acquired 3% of the outstanding shares and thus ensured that Sharp remains the manufacturer of the screens for its different devices.
In the same sense, it is rumored that Sharp could sell another 10% of its shares to Foxconn, and although the agreement on which both companies had been working fell a couple of weeks ago, the idea has not been discarded and apparently they will restart negotiations.
It is expected that with these new moves Sharp can overcome this difficult moment, taking into account that in September it must pay a debt of US $ 200 million and that for its fiscal closure in March it reached losses of 450,000 million yen.
