Hon Hai SHARP issued a statement denying the selling agreement signed at the end of month

Taiwan Hon Hai Group issued a statement denying reports to the board of directors of SHARP will sign the agreement and selling in March 31st approved by the board of directors meeting, discuss that progress will decide whether the transaction Yu Honghai 30 days this month in.

The day before, according to Japan's Kyodo News Agency reported that "SHARP", ready to accept the offer of 100 billion yen to reduce foxconn. The report quoted sources, Hon Hai will reduce the purchase price of SHARP's additional shares per share, but Hon Hai holds about 66% stake in SHARP's plan unchanged. Japan's Yomiuri Shimbun reported that Hon Hai SHARP investment consultation, before the end of March is expected to have results. SHARP 25, held a board meeting, agreed in principle to Hon Hai's original contribution of 489 billion yen to reduce the adjustment of 100 billion yen. SHARP will convene an interim Board of directors in 30, the decision to re adjust the Hon Hai investment SHARP program.

The report pointed out that Hon Hai will be the acquisition of SHARP's major banks to hold SHARP preferred shares of which 100 billion yen shares. SHARP bank will also be extended to expire at the end of the month SHARP 510 billion yen loans, interest rates are expected to decrease. Japan's economic news reports, Hon Hai and SHARP, the 25 sides of the investment plan about the consensus. Hon Hai and SHARP are expected to convene the board of directors on the 30, decided to re adjust the Hon Hai investment SHARP program. Hon Hai investment amount will be reduced by 100 billion yen, after the completion of the board of directors of the two sides, Hon Hai will pay a deposit of 100 billion yen. Hon Hai and SHARP are scheduled to hold a press conference on April 2nd, announced the relevant content.

For more information about LED, please click on LED network or pay attention to WeChat public account (cnledw2013).