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Sharp plan to sell Nanjing plant to Hon Hai on hold - media
December 27, 2012 / 1:41 AM / 5 years ago

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.

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

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

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