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Sharp Corporation has announced the decision, made at a meeting of the Board of Directors, to spin off the Display Device Business Division.
This is an absorption-type split into a wholly-owned subsidiary and is expected applicable as a simple company split. Contents of succeeding assets etc., schedule of a spin-off, and name of succeeding company, etc. are to be determined and will be announced separately following resolutions by another meeting of the Board of Directors.
The purpose of the corporate split is to promote business activities in order to become an outstanding globally-known brand company.