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Sharp Seeks More Partners for Struggling LCD Plant
Release time:2012/4/10
Sharp, Japans last major fabricator of liquid crystal displays for televisions, is seeking more partners to buy stakes in its main Sakai plant in a bid to spin off the LCD production subsidiary. Sharp in March agreed to issue shares worth 66.9 billion yen ($821.97 million) to Taiwans Hon Hai Precision Industry in return for an 11 percent shareholding, has asked suppliers Toppan Printing and Dai Nippon Printing to invest in the Sakai facility.
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