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The Company and Sharp Corp.reached a consensus

3rd Aug 2012 12:40

RNS Number : 2823J
Hon Hai Precision Industry Co Ld
03 August 2012
 



Subject: The Company and Sharp Corp. reached a consensus regarding the subscription of Sharp Corp's new shares.

Date of events:2012/8/3

Contents:

Foxconn and SHARP Corporation have reached an agreement today that, due to the current price volatility of SHARP shares, Foxconn will not be required to fulfill its subscription obligations in accordance with the agreement between the two companies announced on March 27, 2012. However, both companies have also agreed that the proportion of the subscription rights previously granted to Foxconn will remain unchanged and that the previously announced joint projects will not be affected. Any formal announcement regarding the terms of the alliance between our two companies will be made following the legal approval by our Board of Directors.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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