Sharp plan to sell Nanjing plant to Hon Hai on hold

Struggling Japanese TV maker Sharp’s plan to sell its Nanjing plant in China to Taiwan’s Hon Hai Precision Industry has been frozen and may not materialise, a source familiar with the matter said on Thursday.

Sharp, which supplies screens to Apple for its latest iPhone, considers selling its Mexican plant to Hon Hai to be more important, and talks to sell the Nanjing plant, which assembles large-size liquid crystal display TVs, may take time, said the source, who was not authorised to speak to the media.

Both Sharp and Hon Hai declined to comment.

via Business feed http://www.scmp.com/business/companies/article/1113465/sharp-plan-sell-nanjing-plant-hon-hai-hold