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

TOKYO Thu Dec 27, 2012 7:09am IST

A logo of Sharp Corp is pictured at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo, October 2, 2012. REUTERS/Yuriko Nakao/Files

A logo of Sharp Corp is pictured at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo, October 2, 2012.

Credit: Reuters/Yuriko Nakao/Files

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

ALIBABA IPO

Reuters Showcase

New Device

New Device

Facebook's Oculus unveils new virtual reality prototype device.  Full Article 

Slow Rollout

Slow Rollout

Los Angeles iPad rollout for schools slowed by technical challenges - report.  Full Article 

CEO Watch

CEO Watch

When music stops for Oracle CEO dance, Catz may grab Ellison's chair - analysts.  Full Article 

New iPhones

New iPhones

Apple faithful line up for latest, larger iPhones  Full Article 

Cutting Jobs

Cutting Jobs

Microsoft lays off 2,100 as part of earlier job cut plan.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage