All the most important financial events surrounding Japanese companies usually take place in February and March. On the first of April in Japan will start the next fiscal year and this number is uncertainty must be resolved. Such uncertainty has in the life of company Sharp. This developer and manufacturer of screens to banks owed large sums and, moreover, loses that leaves no opportunity to develop further and to pay debts. It would, Sharp died to yourself quietly, falling apart into pieces and cutting business. Only in the case joined Taiwanese company Hon Hai Precision Industry, the world known in its brand Foxconn. And so it began ...
Hon Hai Precision Industry company is trying to acquire a stake in Sharp for more than two years. In general, the purchase of Sharp or share loomed another buyer - Japanese Foundation with public funding on behalf of the Innovation Network Corp of Japan (INCJ). INCJ Fund is the largest shareholder of the company Japan Display, and Sharp has plans of joining this company, which has merged core business units Sony, Hitachi and Toshiba.
It is reported that the decision to approve the plan of Sharp salvation was to be taken on Friday at a meeting of the steering committee INCJ. No final decision was taken. Sharp company , in turn, varies in the acceptance of the offer from Hon Hai Precision Industry company. Last supposedly a little more increased its offer for Sharp company - from 625 bn Yen to 659 billion. Yen. Sharp cost with debt now stands at around 760 billion. Yen. Fund INCJ, note can help Sharp only worth about $ 300 billion. Yen and expects another 350 billion. Yen support from other creditors.
Note Offer Hon Hai Precision Industry looks more interesting. In addition, the buyer promises to keep all jobs and not get involved in the management of Sharp company .
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