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Foxconn Group suffers book loss of over NT$6.4 billion from investment in Sharp

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Foxconn Group suffers book loss of over NT$6.4 billion from investment in Sharp

Computex Taipei 2011 Coverage and News Updates

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25-06-2012, 04:40 PM

Astute33

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Foxconn Group suffers book loss of over NT$6.4 billion from investment in Sharp

Four members of the Foxconn Group made a combined investment of JPY66.907 billion (US$30.9 million) in Japan-based Sharp for a 9.88% stake, but have suffered a total book loss of NT$6.405 billion (US$213.9 million) due to falls in Sharp's stock price based on the closing price on June 22, according to Foxconn Electronics (Hon Hai Precision Industry), the flagship of the group.

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