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"Taiwanese electronics contract manufacturer Foxconn Technology Group has bought a 0.4 per cent stake in Chinese ride-hailing company Didi Chuxing, investing US$119.9 million in a deal which values the company at about US$34 billion, according to...", www.scmp.com
"August 15 (SeeNews) - Taiwan’s Hon Hai Precision Industry Co Ltd (TPE:2317) now holds directly or indirectly a 66.07% stake in Japanese company Sharp Corp (TYO:6753), after finalising a capital injection on Friday. Sharp’s new parent, better known as Foxconn Technology Group, is paying JPY 388 billion (USD 3.7bn/EUR 3.3bn) for newly issued common and Class C shares in Sharp. The deal was approved by the Anti-Monopoly Bureau of China’s Ministry of Commerce on August 11, thus securing all necessary government nods. In May Kyodo reported that Sharp would keep its solar panel business and work to make it profitable under the new ownership. It was previously expected that the solar panel business would be sold or streamlined, but recent reports confirm that Sharp is preparing a solar come-back with plans to expand in Asia and to re-enter the solar market in Europe. (JPY 100 = USD 0.945/EUR 0.859)", renewables.seenews.com
"Foxconn Electronics (Hon Hai Precision Industry) chairman Terry Guo has told investors that the company has already resumed its channel retail business, but he refused to provide details on the business' current status. However, he believes the business will achieve great results in many markets including China after one year.", www.digitimes.com
"Sharp Corp. (6753.Japan) soared 7.2% in Tokyo this morning after new parent Hon Hai Precision Technology (2317.Taiwan) said at its shareholder meeting yesterday that it would shut down inefficient plants and bring some of Sharp's patents to market faster. The more interesting news from the meeting however is that Sharp will be ready to ship OLED next year, sparking speculation that Foxconn may help Sharp win Apple's (AAPL) display business.READ MORE.", blogs.barrons.com
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