Hon Hai Precision Industry : Foxconn to buy all 200 billion yen preferred shares from Sharp's creditor banks - source
March 30, 2016 at 05:48 am
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TOKYO (Reuters) - Taiwan's Foxconn plans to buy all 200 billion yen ($1.78 billion) worth of the preferred shares owned by Sharp Corp's (>> Sharp Corporation) two major creditor banks, a source familiar with the matter said on Wednesday.
TOKYO (Reuters) - Taiwan's Foxconn plans to buy all 200 billion yen ($1.78 billion) worth of the preferred shares owned by Sharp Corp's (>> Sharp Corporation) two major creditor banks, a source familiar with the matter said on Wednesday.
Foxconn, formally known as Hon Hai Precision Industry Co (>> Hon Hai Precision Industry Co., Ltd.), plans to complete the purchase by June 2019, the source told Reuters.
Hon Hai Precision Industry Co Ltd is a Taiwan-based company mainly engaged in the provision of various connectors, housings, radiators, assembled products and related products related to the information industry, communication industry, automation equipment industry, optoelectronics industry, precision machinery industry, automotive industry, and consumer electronics industry, as well as the manufacture and sale of optical and network cable assembly and other products. The Company's products include smartphones, televisions, game consoles, servers, computers, tablets, connectors. The Company operates businesses in domestic and overseas markets.