Sharp Corp. and Foxconn Technology Group aim to close an almost $6 billion agreement, hoping the Japanese firm’s disclosure of ¥350 billion ($3.1 billion) in contingent liabilities won’t derail the deal.
According to people privy to the negotiation, Foxconn does not plan to modify the planned ¥489 billion ($4.30 billion) investment in the multinational corporation. But they added terms for lenders could change as talks are ongoing.
Both entities have sent hundreds of people throughout Sharp’s locations to review the latest list of financial peril.
The material has been provided by InstaForex Company – www.instaforex.com