Bow to apologize! "David summer love" licensing of the indefinite extension of negotiation

SHARP (Sharp) on February 25th on the board of directors held a formal resolution will receive a total of about 660 billion yen Foxconn reconstruction proposal, but the resolution before finalized in 24, Hon Hai from SHARP received a financial risk related information, the content is reportedly amounted to 350 billion yen "contingent liabilities" list, also let's 25 evening issued a statement announced that it will suspend the signing; however, the money badly for SHARP, it is not dry, so SHARP President Takahashi Kimi in 26 days to go to China and Hon Hai chairman Terry Gou talks to Terry Gou apology, but even so, the plan was officially scrapped SHARP originally planned to sign a contract at the end of February and Hon Hai, negotiations will be extended indefinitely, SHARP shares have tumbled also drag.

TV Asahi reported on February 27th, SHARP President Takahashi Kimi 26 in Shenzhen and Chinese chairman of Hon Hai Terry Gou talks, Takahashi Kimi decided to accept a formal needle for reconstruction of the proposal before the day Hon Hai raised a total of about 350 billion yen "contingent liabilities" list to Terry Gou apology, also asked to continue consultations and Foxconn, while the two sides agreed to consultation period from the original set of extended 1-2 week February 29th. According to the source pointed out that, although SHARP said that the board of directors was held on the eve of the 25 agreed unanimously to accept the reconstruction proposal of Hon Hai, but in fact, the views of the board is different.

The Nikkei News reported on February 27th that, according to the relationship between sources, Takahashi Kimi and Terry Gou 26 evening after the talks, the two sides decided to purchase negotiation period from the original set of February 29th extended and the target is formally signed in March 7th. Reported that SHARP proposed to Foxconn "contingent liabilities" list is mostly minor, and also includes the possibility of a very low case, resulting in the overall amount of rapid expansion, the relationship between people pointed out, "or to the two sides signed the final contract liabilities will not cause too much hinder". It is reported that Hon Hai has been dispatched in February 27th, the person in charge of finance, lawyers and other experts to SHARP, SHARP to clarify the content of debt.

Prior to the outbreak of the above 350 billion yen or liabilities before the news, Hon Hai and SHARP was originally set to negotiate the deadline for February 29th, but SHARP also officially admitted in February 29th and Hon Hai signed.

SHARP released a press release on February 29th, the media reported that Hon Hai / SHARP plans to sign a contract in March 7th, the report is not the official release of SHARP news. SHARP pointed out that the acquisition of consultations with Hon Hai did not set a deadline, but in order to be able to sign the final contract as early as possible, will strive to carry out the agreement.

Hon Hai said in a statement released on February 28th, the extension of the consultation period is not set, but will strive to achieve satisfactory results for both sides".

SHARP had announced on February 5th, and Hon Hai's consultation period is February 29th. The content of the release of the press release on February 29th, SHARP, also officially announced that the consultation period with Hon Hai will be extended indefinitely.

Asahi Shimbun reported on February 29th that SHARP has up to 500 billion yen in debt financing will expire at the end of March, so if the time of signing the formal contract and Foxconn is delayed considerably if funding SHARP probably will be a problem.

SHARP held on February 25th board meeting resolution, Foxconn, Hon Hai will be completely subsidiary Foxconn (FarEast), Foxconn Technology Pte. Ltd. and SIO International Holdings Limited for the object (hereinafter referred to as Hon Hai) of the third quota increase, SHARP will issue approximately 3 billion 280 million shares of common stock (price per share and about 118 yen) 8 million 620 thousand shares of the stock classification (classified, stock share price of 11800 yen), total to will get 488 billion 900 million yen. After the completion of the above common stock trading, Hon Hai Group will hold a total of about 65.86% stake in SHARP, the right to determine the proportion of 66.07%.

According to the Castrol XQ global winner system offer, SHARP fell 2.27% to 129 yen in February 29th closing, a record of about 1 months (since January 26th) closing low level; the cumulative announcement from SHARP will accept the takeover proposal, and Hon Hai broke a large amount of contingent liabilities to 3 trading days (February 25-29) shares have slumped. 26% (February 25th, 26 days respectively fell 14.37% and 11.41%).

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