Hon Hai still plans to buy stake in Sharp: spokesman
CNATAIPEI--Taiwan-based Hon Hai Precision Industry Co. confirmed Monday that it still plans to buy a stake in ailing Japanese electronics giant Sharp Corp., after a Sharp executive said the company may have several suitors.
January 15, 2013, 12:09 am TWN
Negotiations on the possible tie-up are ongoing, a Hon Hai spokesman said when asked about comments on the potential deal made by Sharp China Group general manager Nobuyuki Sugano to a Chinese newspaper over the weekend.
Hon Hai, the world's biggest contract electronics maker, and Sharp, Japan's largest liquid-crystal display (LCD) panel maker, will make a joint announcement once the planned deal is finalized, the spokesman said.
In a report in the Beijing-based National Business Daily posted online yesterday, Sugano was cited as saying that cooperation with Hon Hai is just one of many deals his company is working on.