OSAKA MEETING:The Hon Hai boss traveled to Japan to meet with Sharp’s board, but says a non-dislosure agreement means he cannot publicly discuss specifics
Date: Feb 01, 2016
By: Lauly Li / Staff reporter
Hon Hai Precision Industry Co (鴻海精密) chairman Terry Gou (郭台銘)
yesterday said he is confident of the firm’s offer for Sharp Corp and expects the Japanese company to reach a final decision before Friday.
“I am very confident. The [Japanese] government said it has not stepped into the deal and would let the board of Sharp to make its own decision. Plus, we think our terms are much better than other competitors’,” Gou told reporters on the sidelines of Hon Hai’s annual charity carnival at the National Taiwan University Sports Center in Taipei.
Gou returned to Taipei on Saturday night after a two-and-a-half-hour meeting with Sharp’s board of directors in Osaka.
He declined to confirm if Hon Hai, known as Foxconn Technology Group (富士康) outside Taiwan, has offered to take over Sharp with ￥625 billion (US$5.16 billion), saying a non-disclosure agreement bars him from discussing the amount of the proposed offer. [FULL STORY]