Turn off the Ad Banner  

To print: Select File and then Print from your browser's menu.

    -----------------------------------------------
This story was printed from CdrInfo.com,
located at http://www.cdrinfo.com.
-----------------------------------------------

Appeared on: Wednesday, December 5, 2012
Hon Hai-Sharp Investment Talks To Continue

Hon Hai Precision will continue talkings with Sharp for shareholding investment despite Qualcomm's funding in the Japanese TV maker.

A Hon Hai official, who refused to be identified, told the China Economic News Service that the investment of Qualcomm in Sharp is not related with Hon Hai's plan of buying into Sharp. In addition, Hon Hai will continue considering to purchase TV plants under the auspices of Sharp, the official added.

Sharp and Qualcomm on Tuesday announced a strategic alliance, which will enable Qualcomm to own 5% stake in Sharp and become its largest shareholder.

In March this year, Hon Hai reached an agreement with Sharp for investing US$800 million in the latter, in exchange for 9.9% stake in Sharp. Subsequently, Sharp?s share prices plunged, prompting Hon Hai to negotiate with Sharp again for the investment plan.

In addition to Qualcomm, the Sharp is also reportedly talking with Intel and Dell for fund injection, as the 9.9 billion yen investment by Qualcomm cannot solve Sharp's financial problem.


Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2024 - All rights reserved -
Privacy policy - Contact Us .