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
- India approves $2.6 bln mounted gun purchase - official
- Computer spying malware uncovered with 'stealth' features - Symantec
- 'Hunger Games' tops U.S. box office with $123 million opening
- Obama to Republican critics on immigration: 'Pass a bill'
- Celebrity song to aid fight against Africa Ebola crisis tops UK charts
The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance. Full Article
Samsung files ITC complaint to block Nvidia chips from U.S. - Bloomberg. Full Article