Asian Activities Report for December 20, 2011: Sharp (TYO:6753) to Sell 90-Inch LCD TVs in USA in 2012

Sydney, Dec 20, 2011 AEST (ABN Newswire) - Sharp Corporation (TYO:6753) is planning to sell 90-inch LCD TVs - its largest LCD TV product in the US market in 2012. Sharp is already selling 80-inch LCD TVs in the USA, and is currently the leader in the country in the large-size LCD TV market. The Company is also planning to introduce their 80-inch LCD TVs in China and Japan in the first half of 2012; Sharp is already selling their 70-inch products in both countries.

Sinopec Kantons Holdings Limited (HKG:0934) and China Shipping Development (HKG:1138) have signed an agreement to form a joint venture company in Hong Kong to build around five liquefied natural gas (LNG) vessels for the transportation of approximately 4.30 million tonnes of LNG per annum for the APLNG project. Under the APLNG project, the Australia Pacific LNG Processing PTY Limited is expected to sell 4.30 million tonnes of LNG per annum to Sinopec Corp (HKG:0386) for a period of 20 years commencing from 2015.

Mikuni Corporation (TYO:7247) says that its car parts manufacturing plant in Thailand has recovered part of its production ability, with operation recommenced on December 12th. The plant was shut down on October 11th due to local floods. It is expected that the plant will be brought back to full operation shortly.

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