Foxconn working towards cutting planned investment into Sharp: sources


Taiwan's Foxconn is working towards reducing its planned investment into loss-making Japanese electronics firm Sharp Corp by around 100 billion yen ($893 million) from an initial plan of 489 billion yen, two sources familiar with the matter said on Tuesday.

Foxconn, formally known as Hon Hai Precision Industry Co, is seeking to cut the offer to factor in future losses and a likely deterioration in Sharp's earnings in the financial year to March 31, the sources said.


Foxconn could not be immediately reached for comment.



(Reporting by Taro Fuse; Writing by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Poll: Apple's privacy fight does not win extra poi...
Thai top three mobile firms' shares surge after Ja...

Related Posts