Hon Hai declines to comment on Sharp collaboration report

According to the Bloomberg report, Sharp said it would still be willing to work with Hon Hai even if it did not get its funding in the end.

Sharp also plans to collaborate with Hon Hai on smartphones and flat panels, the report said.

According to the report on Sept. 28, which cited a high-ranking Sharp official, the company and Hon Hai are still engaged in talks on funding, and the talks are expected to last till March of next year.

The talks have lasted longer than expected due to supervisory and management issues, the report said. Hon Hai meanwhile declined to comment on the report.

Sharp at the end of September received a loan of 180 billion yen and a 180 billion yen credit line from Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ.

Terry Gou, chairman of Hon Hai, said in an August TV interview that Sharp had offered Hon Hai the right to get a 9.98-percent stake in the company at a price that could be renegotiated. Gou also expressed the hope that the stake purchase could be completed by March 31, 2013.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	US economist doubts effect of Fed's latest easing measures

NEXT ARTICLE
China's bulb ban predicted to aid LED firms

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit