26 Oct '15, 3pm

#news #business Hon Hai considering buying US$1.7 bln stake in Sharp LCD unit - paper #singapore

TOKYO: Taiwan's Hon Hai Precision Industry Co is considering buying a majority stake in Sharp Corp's loss-making LCD business for up to 200 billion yen (US$1.7 billion), Japan's Mainichi newspaper said on Monday, without citing any sources. The newspaper said Hon Hai planned to ask iPhone maker and customer Apple Inc, which is also a client of Sharp, to invest a "few hundred million dollars" to help with funding the purchase. Sharp declined to comment. Hon Hai executives were not immediately available for comment. An official at the Japanese unit of Apple said no one was immediately available to comment. Shares in Sharp closed morning trade up 1.4 percent, outperforming a 1.1 percent fall in the benchmark Nikkei average. The Nikkei business daily had last week reported that Hon Hai had offered to buy the entire LCD business, but it did specify how much Hon Hai was willing ...

Full article: http://www.channelnewsasia.com/news/technology/hon-hai-co...

Tweets

#SGXMarketDialogues Interview with Tan Tong Hai, CEO of @StarHub. Read more:

#SGXMarketDialogues Interview with Tan Tong Hai...

sgx.com 02 Nov '15, 11pm

This document is not intended for distribution to, or for use by or to be acted on by any person or entity located in any ...