Sharp, the Japanese electronics maker controlled by Foxconn Technology Group, is raising as much as 216.2 billion yen ($2bn) in a public share sale.
The proceeds will be used to purchase preferred stock and on research and development, the Osaka-based company said in a statement Friday. Sharp’s stock has declined 7.3 per cent since it registered to sell the shares on June 5.
Sharp is well into a turnaround since Foxconn bought the company in 2016 and injected money for capital investments.
The stock rose to a peak of about 5,000 yen last year before sliding on concerns over softening demand for smartphones and the liquid-crystal displays that it makes for companies including Apple.
Sharp is using the bulk of the proceeds to buy back 200,000 preferred shares and retire the stock. The remainder will be used on capital expenditure and research.
Earlier this month, Sharp announced plans to buy Toshiba's personal-computer business as its Taiwanese parent seeks to expand beyond contract manufacturing and build a brand of its own.
Is it worth it? We put cheesecake frap to the test.
The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?
My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.
The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.
So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.
