The impact of the decline in the price of SHARP's LCD panel business was acquired

According to the "Japanese economic news" reported that Taiwan's Hon Hai Precision Industry has proposed the acquisition of SHARP LCD business, is expected to sell the amount of Hon Hai and other content to promote negotiations.

It is reported that Hon Hai plans to get more than half of the shares of SHARP LCD business company split. At the same time, SHARP intends to require large investors in the United States Apple LCD panel funded by the 3 joint operating company. SHARP has also been in talks with the Japanese government and the private sector fund industry innovation agencies,

According to reports, from the beginning of this summer, Hon Hai has officially SHARP cooperation on the LCD business negotiations. At present, Hon Hai and SHARP jointly operates the TV LCD panel manufacturers "Sakai display products company (SDP)" at the same time the enterprise intends to acquire SHARP holds about 38% of the shares.

Reported that SHARP's LCD panel business fiscal year 2014 (as of March 2015) consolidated sales of 907 billion 100 million yen, operating profit of $30 billion 100 million. This spring, with Mizuho bank and other 2 major banks to split the LCD business, the company is considered in the assessment of the amount of 300 billion yen. However, in 2015 4 ~ June smartphone panel prices fell to the impact of business losses of 13 billion 700 million yen.

At the same time, the report analysis, for SHARP, Hon Hai's proposal to acquire its performance of the LCD panel business, reducing the risk of deterioration in earnings, but also continue to maintain relevance.

Reported that SHARP internal are cautious about the sale to foreign Foxconn, and will continue to promote innovation and industrial organization cooperation negotiations, clarify the LCD business in consultation in the future assessment of the amount, and then finally decided to sell.

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