Sharp plan to sell Nanjing plant to Hon Hai on hold - media
TOKYO (Reuters) - 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 as a result of a disagreement on price and other conditions, the Nikkan Kogyo Shimbun newspaper said on its website on Thursday.
Sharp is also having trouble sealing a deal to sell its Malaysian plant to Hon Hai, the paper said, without naming sources.
Sharp's talks with Hon Hai to renegotiate its investment in the Japanese firm have stalled in the past few months as Sharp's losses have grown.
(Reporting by Mayumi Negishi; Editing by Daniel Magnowski)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Health workers strike at Sierra Leone Ebola hospital
- U.S. planes strike militants near Iraq's Amerli, airdrop aid
- Modi seeks Japan's help for 'inclusive vision' on first big trip
- Ukraine says Russian tanks flatten town; EU to threaten more sanctions
A judge on Friday lifted a suspension on her order directing Microsoft Corp to turn over a customer's emails stored overseas to U.S. prosecutors, but the software company said it would not release any emails while it appeals the ruling. Full Article
China's Tencent shuts messaging accounts after censorship rules - state media. Full Article
Data scientists are increasingly becoming important to the world's tech companies. Video