Tuesday, August 28, 2012

Sharp will retain the 9,9% share in Foxconn

Japanese electronic giant, Sharp, will retain the 9,9% share in its Taiwanese partner Hon Hai Precision - more known as Foxconn.

That was confirmed yesterday from the executive director of Sharp, after the sudden drop of the shares of Sharp.

"I do not intend to change the 9.9 percent in our shares," said Takashi Okuda to the Japanese Journal "Jomiuri Simbun."

Earlier reports indicated that again there will be talks about an investment of 800 million dollars, after Sharp drop in the value of shares, which is a consequence of the financial results, shared with the AFP.