350 billion yen debt explosion potential "David summer love delayed licensing

SHARP (Sharp) 25 noon, Taiwan officially announced the shares of SHARP, Hon Hai will get about 66% of the equity, declared David summer love but is officially a foregone conclusion; Hon Hai in 25 evening issued a statement saying, will suspend the signing, there are important issues must be clarified before the signing of the main reason.

Hon Hai chairman Terry Gou has been anxious to get home to marry SHARP, before the lunar new year, because the outgoing SHARP agreed to give priority to, the Right Hon Hai to negotiate Terry Gou direct flights to Japan, hoping to sign up before the Chinese new year, is the final card in legal proceedings without success; so what is important for Foxconn resolution corrosion sign? The original SHARP put out a shocking potential, Foxconn debt of up to 350 billion yen.

Japanese media Online (Toyokeizai Online) Toyo Keizai reported 25 Foxconn at 25 PM 5 pm issued a statement pointed out that "SHARP at 24 in the morning to submit a new key file to Hon Hai group, Hon Hai was on the same day (that is, SHARP held 25 days before the board of directors) notify SHARP, Hon Hai must clarify the content and, before the two sides agreed to suspend the signing".

Thsomson Reuters reported 25, according to the number of relations pointed out that the slow resolution Foxconn sign, mainly because of a large amount of SHARP broke the "contingent liabilities (due to litigation, accounting changes in potential debt may happen in the future)". 1 stakeholders said that in SHARP's detailed documents submitted to Hon Hai said SHARP's contingent liabilities up to hundreds of billions of yen.

The Wall Street Journal reported news agency news channel (WSJ) 25 reported that the relationship between sources, Hon Hai in 24 days from the hands of SHARP received a total of up to about 350 billion yen "contingent liabilities" list; said, Hon Hai is currently content for 100 on the list of inventory, but not to give up on SHARP the acquisition.

The news also pointed out that in 25, SHARP 24 report, submitted to the Foxconn data is mainly financial risk related information amounted to about 350 billion yen, including pension, SHARP and other companies signed the contract related to breach of contract payments and repayment of government subsidies and other content; the relationship between participants pointed out that the received data is in Foxconn to SHARP for agreement on the debt, but Xia Puduan is the meeting of the board of directors, and formally decided to accept the takeover of foxconn".

NTV (Nippon television network) 26 reported on the "contingent liabilities", SHARP said, mainly in order to avoid problems occurred after the signing, the very strict provision, even the possibility of matters very low in all, so estimates Hon Hai's acquisition of SHARP will not be the case breaking, still hope can be signed before the end of February.

SHARP announced the 25 Foxconn purchase price per share of common stock is 118 yen, SHARP 24 closing price of 174 yen is low compared to about 32%, with SHARP on the issuance of new shares after Foxconn, SHARP shares soared to about 2.4 times the total number of current shareholders, fear will significantly dilute, also drag SHARP shares mad collapse.

According to harvest XQ global winner system offer, SHARP 25 closing crazy collapse of 14.37% to 149 yen, the lowest intraday fell to 136 yen, a record low since February 4th.

26, just opened Hon Hai shares fell by 1.78%, came to NT $77.1.

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