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Sharp plan to sell Nanjing plant to Hon Hai on hold – media

Struggling Japanese TV maker Sharp Corp’s plan to sell its Nanjing plant in China to Taiwan’s Hon Hai Precision Industry Co Ltd has been frozen and may not materialize, a source familiar with the matter said on Thursday.

Sharp, which supplies screens to Apple Inc for its latest iPhone, considers selling its Mexican plant to Hon Hai to be more important, and talks to sell the Nanjing plant, which assembles large-size liquid crystal display TVs, may take time, said the source, who was not authorized to speak to the media.

Both Sharp and Hon Hai declined to comment.

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New technology unveiled Sharp and Hon Hai

 

Sharp Corp.

Earlier this month, Sharp struck a deal with Qualcomm Inc for the U.S. chipmaker to invest as much as $120 million to help the Japanese firm stay afloat, and to jointly develop new power-saving screens.

That deal has helped soften banks’ stance towards Sharp, allowing it to make stronger demands of Hon Hai, said a source at one of Sharp’s suppliers.

Sharp had been expected to make Hon Hai its biggest shareholder, adding to an earlier agreement to sell the Taiwanese company a stake in its advanced television LCD panel in Sakai, western Japan.

That agreement has stalled as Sharp’s losses have mounted, and its executives remain opposed to giving Hon Hai managerial say.

Shares in Sharp were down 1.9 percent against a 1.3 percent rise in Tokyo’s electric machinery index.

[source : Tech2]

Sharp

3 comments

  1. Wavatar
    Christopher Grabert

    i love crunchy apples

  2. Wavatar

    using any fruit juice

  3. Wavatar

    What exactly are good quality apple types to develop basically want soft apples (just like a Cox), instead of crunchy apples?

    (My home is the United kingdom, which means this will influence what types I’m able to acquire and also be)

    Happybeds: I am uninterested for making apple sauce. I am searching for eating apples, I simply prefer mine soft over crunchy. Also, regrettably individuals types are United States, and many will not grow perfectly within the United kingdom.

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