SHARP TURNAROUND:Terry Gou also said he would boost the firms research and development process, turning its patented technologies into commercial products
Taipei Times
Date: Jun 23, 2016
By: Lauly Li / Staff reporter
Hon Hai Precision Industry Co (鴻海精密) chairman Terry Gou (郭台銘) yesterday said the
Hon Hai Group chairman Terry Gou yesterday poses for a picture with a display of Sharp Corp products after a shareholders’ meeting at a Hon Hai factory in New Taipei City. Photo: CNA
company is helping Sharp Corp cut its overseas retail joint ventures as part of efforts to improve the troubled Japanese company’s operations.
“Sharp has its financial problems… Once we officially join the company’s board next month, we will carry out a series of measures to help Sharp make a turnaround as soon as possible,” Gou told shareholders during Hon Hai’s annual general meeting at its headquarters in Tucheng District (土城), New Taipei City.
Gou said Hon Hai vice chairman Tai Jeng-wu (戴正吳) is to attend Sharp’s annual general meeting today, with shareholders expected to approve his appointment as the Japanese firm’s president.
Japanese media reported that Hon Hai and its subsidiary, Foxconn Technology Co (鴻準) — which hold a combined 66 percent stake in Sharp — are expected to secure six of Sharp’s nine board seats at the meeting today. [FULL STORY]
