By: Jalen Chung, Tien Yu-pin, Frances Huang and Lilian Wu
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