Foxconn Parent Company Hon Hai Pushing For 20% Ownership In Sharp

Posted Aug 20, 2012

Hon Hai Precision is in the process of obtaining 20% ownership in Sharp.  Hon Hai recently entered an agreement where they now own 9.9% stake in Sharp, but now they want more according to Nikkei.  Hon Hai is also asking that the cost of Sharp’s shares be decreased from the originally agreed price of 500 Japanese Yen per share as a result of the company’s recent drop in stock value. [TheVerge]