Dust settled! Hon Hai 22 billion 400 million stake in SHARP's purchase of 66%

"Hung summer love" 30 official confirmation! Hon Hai and SHARP in their own after a board meeting, Hon Hai group took the lead in the afternoon held a major message that will be said for the SHARP group of Japan and finally determine the purchase price discount billion yen, a total amount of about 389 billion yen (about 22 billion 400 million yuan), in order to obtain a 66% stake in SHARP, the two sides formally signed in Osaka in April 2nd booking Japan after Sakai held a press conference to explain the international.

A major message on the afternoon of 30 Foxconn will take over SHARP's president from outside the highest voice Foxconn vice president Dai Zhengwu personally presided over the face of the reporter, with the Taiwan stock exchange in the press room, of which there are about 1/3 to 1/4 of the Japanese media reporters, Dai Zhengwu said the opening, "David summer love" is the internal SHARP and Foxconn most hate words, because each other is a strategic investment, and then SHARP chairman Katayama Matsuo for Foxconn cooperation to now has been 5 years of investment, Sakai factory has 4 years of time, the success of the factory to turn a profit, so that enterprises in the whole world the sea can be hung in the understanding of SHARP foxconn.

The Hon Hai Group Vice President Dai Zhengwu personally to declare Foxconn decision of the board of directors of SHARP's acquisition of the results (Figure: Science News Photo)

However, Dai Zhengwu for the cooperation between the two sides finally decided the time delay is not willing to release too much, only that the current about have not yet signed. All instructions will be announced at the press conference in Osaka after the signing.

30 days to exchange Foxconn Hon Hai to apply for suspension of trading, Hon Hai group board meeting, decided to buy SHARP price per share of 88 yen, the total investment amount of 388 billion 800 million yen, and group chairman Terry Gou total 66% stake in SHARP, Hon Hai has 45% stake in SHARP itself, will be recognized outside the industry investment income, holding 13% Foxconn Terry Gou, 8.45% personal investment, so SHARP's future earnings is not to be included in the consolidated revenue of foxconn. Dai Zhengwu pointed out that all funds Hon Hai will use its own funds, do not need to borrow from the bank.

As for the relevant personnel arrangements, Dai Zhengwu will not be further described in the major information briefing, only to emphasize the relevant matters will be explained after the signing of the press conference. It is understood that on the 30 day of the board of directors of the company president Terry Gou said, very excited, because since 2012, Hon Hai on interested in the acquisition of SHARP, after more than three years of time, the case made the conclusion, Foxconn to expected in April after signing the contract, the case will be sent to the Investment Commission, the final confirmation of the final matters in June shareholders meeting.

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