Sunday, March 02, 2025 | 11:29 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Sharp shares up more than 10 percent after Foxconn completes stake purchase

Image

Reuters TOKYO

TOKYO (Reuters) - Shares of Sharp Corp soared more than 10 percent in early trade on Monday after the company said that Taiwan's Foxconn completed its takeover.

Sharp on Friday said that Foxconn completed the 388.8 billion yen ($3.84 billion) purchase, bringing Foxconn's stake to 66.07 percent

Sharp jumped as high as 17 percent to 124 yen, the highest since June 24.

($1 = 101.2700 yen)

(Reporting by Ayai Tomisawa; Editing by Stephen Coates)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 15 2016 | 9:34 AM IST

Explore News