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SKYWORTH GROUP May Acquire Funai Electric's North American, Japanese TV Biz: Report
Japanese electronics giant Funai Electric has confirmed the initiation of bankruptcy proceedings, and relevant parties involved in the bankruptcy application have begun negotiation...
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SKYWORTH GROUP May Acquire Funai Electric's North American, Japanese TV Biz: Report
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Japanese electronics giant Funai Electric has confirmed the initiation of bankruptcy proceedings, and relevant parties involved in the bankruptcy application have begun negotiations to sell the company's North American and Japanese TV business to SKYWORTH GROUP (00751.HK)  -0.010 (-0.318%)    Short selling $94.20K; Ratio 2.099%   , the Nikkei reported.

Since Funai Electric's cash reserves are nearly depleted, the company needs to secure funds to pay outstanding wages and taxes for laid-off employees, according to the report.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-24 12:25.)

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