Hon Hai-Sharp Alliance Tested by Plunge in TV Maker Share Price

Hon Hai-Sharp Alliance Tested by Plunge in TV Maker Share Price

Thomas Lee/Bloomberg

An employee of Hon Hai Precision Industry Co. Ltd. works on a production line in Shenzhen, China. Hon Hai, flagship of the Foxconn group, and its affiliates will buy 121.65 million new shares in Sharp at 550 yen each, Sharp and Hon Hai said March 27. Gou and related companies will buy 46.5 percent in Sharp Display, a venture with Sony Corp., they said the same day.