Japan's Sharp eyes selling plants to Hon Hai: Reports
TOKYO (AFP) - Japanese electronics giant Sharp is considering selling overseas factories to Taiwan's Hon Hai Precision in a bid to turn around its ailing finances, reports said on Saturday.
The reports came as Hon Hai pushes to change the terms of its agreement to take a 10 per cent stake in the cash-strapped firm, whose shares plunged in August after it announced a huge loss.
The Nikkei business daily said Sharp was eyeing sales of its liquid crystal display module plants, adding that the firm may also consider sales of domestic plants.
Sharp has liquid crystal display (LCD) module plants in Mexico, Poland, China and Malaysia, the Nikkei said.