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
- Govt considers ban on e-cigarettes, sale of single smokes
- India's fiscal deficit in H1 almost 83 pct of full-year target
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Sensex surges 500 points on BOJ easing, L&T gains
- PRECIOUS-Gold, silver tumble to four-year lows as dollar rallies
Samsung Electronics unveiled two new mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world's biggest smartphone market. Full Article