Sharp says has been disclosing contingent liabilities well

Japan's Sharp Corp (6753.T) stated on Friday that it has been disclosing contingent liabilities properly in its monetary statements - remarks which come after Foxconn (2317.TW) placed its takeover of the sick electronics maker on maintain, mentioning new fabric statistics.

the japanese institution had contingent liabilities that amounted to round 300 billion yen ($2.7 billion), three sources acquainted with the matter have advised Reuters.

Sharp said the reports of contingent liabilities of round 300 billion yen have been now not primarily based on an statement via the business enterprise.