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BRIEF-Sharp plans business alliance with Mango International Group Limited
December 22, 2016 / 7:49 AM / 9 months ago

BRIEF-Sharp plans business alliance with Mango International Group Limited

Dec 22 (Reuters) - Sharp Corp :

* Says it plans to form a business alliance with Mango International Group Limited which is mainly engaged in free rental service (handy) for smart phone

* Co will inject 2.995 billion yen in handy Japan Co Ltd which was established by co with registered capital of 5 million yen, on Dec. 26

* Says co plans to use entire shares (equivalent of 3 billion yen) in handy Japan Co Ltd, as investment in kind to exchange for 14.4 percent stake in handy Japan Holdings Company Limited which is wholly owned by Mango International Group Limited currently, on Jan. 1, 2017

Source text in Japanese: goo.gl/X5kpOV

Further company coverage: (Beijing Headline News)

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