Sharp and Sony terminates partnership

Sharp Corporation (Sharp) and Sony Corporation (Sony) terminated its joint venture to produce and sell large-sized LCD panels and modules.

According to a statement, Sony will sell its shares, representing 7.04% of the issued shares, in Sharp Display Products Corporation (SDP).

Sharp said that in consideration for the sale of shares, Sony will receive cash consideration equal to its original investment of ten billion yen to be paid by SDP.

Both the sale of shares and the payment of cash consideration will be completed by the end of June 2012.

Sharp transferred its LCD panel plant in Sakai City, Osaka Prefecture, to SDP, a wholly-owned subsidiary of Sharp July 1, 2009 and on December 29, 2009, Sony invested 10 billion yen to SDP in exchange for new shares issued by SDP to Sony, representing 7.04% of the issued shares of SDP.

SDP became a joint venture company of Sharp and Sony as of 2009. In March 2012, Sharp and Sony agreed to amend the original joint venture agreement to provide that Sony would not make additional capital injections in SDP.

Tanduay lifts capital stock to P25-B

 Tanduay Holdings increased their authorized capital stock from five billion pesos to P25 billion.

According to a statement, the company needed to broaden its equity base to solidify its future investment growth.

This action is in line with the goal of the company in transforming Tanduay into a global brand as it starts to explore the global market.

Tanduay Holdings has firmed up its move towards this direction by appointing three US-based firms as the company’s partner on the project.

The three firms that Tanduay Holdings partnered with are Brand Action Team, a beverage alcohol marketing consulting company, Beacon Distributors, a sales and distribution specialist, and MHW, Ltd., a logistics and management service provider.

With the professional assistance of these three companies, Tanduay is now laying the groundwork for its foray into the US market and well on its way towards its vision of making its product a global brand, Tanduay Holdings added.

ASUS expects to earn double in 2012

ASUSTeK Computer Corp. (ASUS) is expecting to earn twofold in 2012, doubling their almost $20 million net income in 2011, said Jaime Zaldivar, marketing manager of ASUS Technology Philippines.

ASUS launched an event yesterday introducing new laptop models, some already out in the Philippine market, to serve as the company’s initial plan towards a bigger profit in the upcoming year.

“With these new models, we are expecting to double our income for this year and to double the quantity we are producing as well,” said Zaldivar

Israel also said that ASUS is expecting positive response in the market as they make all their products affordable and ground-breaking.  

In the ASUS Sense Experience Event, the company introduced different new models such as the Asus X series, Asus N series, asus Zenbook, republic of gamers, asus K series, among others.

Also, ASUS introduces a new concept, ‘Happiness 2.0’, that is basically about selling series of laptops that are focusing more on experience than the digital specifications.

Zaldivar explained that in order to gain more earnings, they are making their products simpler, more beautiful in physical features, and much affordable.

Asus is a Taiwanese multinational computer hardware and electronics company. Its products include motherboards, desktops, laptops, monitors, tablet PCs, among others. It primarily sells products under its own brand but also produces components for other manufacturers, including Apple, Dell and HP.

This blog is back!

Hello readers,
this blog is back, only this time, the writer is already an official Journalist.