Hon Hai, Sharp merger in the offing

Focus Taiwan
Date: 2016/03/29
By: Jalen Chung, Tien Yu-pin, Frances Huang and Lilian Wu

Taipei, March 29 (CNA) The on-again off-again pursuit of Japanese electronics giant Sharp 201603290022t0001by a Taiwanese electronics giant appears to be finally coming to an end.

The Taiwan Stock Exchange (TAIEX) confirmed Tuesday that Hon Hai Precision Industry Co. (鴻海), which will hold a board meeting the following day, has applied for a trading halt during an information assessment period.

Hon Hai had said earlier that a board meeting had been scheduled for March 30, but whether the meeting would discuss the merger with Sharp would depend on the progress of negotiations between the two sides.

The TAIEX had said that once Hon Hai’s board meeting has decided to discuss the merger, it will have to apply for a trading halt.     [FULL


Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.