After years of trying to lay their hands on Sharp, Chinese giant Hon Hai Precision Industry this year reached an agreement to buy two-thirds of the shares of Japanese corporations. In addition to restructuring, this transaction will inevitably lead to the appearance of representatives of Foxconn Sharp's reign bodies.
Sharp last week reported that Ren Wu Tai Board of Directors decided to appoint the president and CEO of the corporation. He combines this post with the post of executive vice president of Hon Hai Precision Industry. Wu Tai Ren will speak before the assembly staff Sharp twenty-second day of August. Employees will be offered options to buy shares in the corporation in order to increase their motivation. Sharp intends to support "their DNA", formed over 104 years existence of the company and comply with the principle of "sincerity and creativity".