Sharp names Foxconn vice chairman as board member candidate
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Hon Hai’s Vice President Tai Jeng-wu attends a news conference to announce the company’s agreement to acquire Sharp Corp in Taipei, Taiwan March 30, 2016.
Reuters/Tyrone Siu
Japanese electronics maker Sharp Corp (6753.T) said on Thursday it has named a Foxconn vice chairman as a board member candidate following a $3.5 billion deal to sell a majority stake in the company to the Taiwanese electronics contract maker.
Tai Jeng-wu is vice chairman of Foxconn, formally known as Hon Hai Precision Industry Co (2317.TW), and has played a key role in its negotiations with Sharp, according to sources at Foxconn.
(Reporting by Tokyo bureau; Editing by Christopher Cushing)