December 29, 2016 / 6:24 PM / 7 months ago

BRIEF-Hon Hai to turn LCD screen JV with Sharp into subsidiary-Nikkei

1 Min Read

Dec 29 (Reuters) - Nikkei:

* Hon Hai Precision Industry plans to turn an LCD screen joint venture with Sharp into a subsidiary, investing a total of 52.1 billion yen-Nikkei

* Sharp's stake in Sakai Display Products will decline from around 40 percent to just over 26 percent, Hon Hai will have a 53 percent interest-Nikkei

* Hon Hai unit Sharp will sell 436,000 shares in Sakai Display Products for 17.1 billion yen to investment co owned by Hon Hai chief Terry Gou -Nikkei Source text: (s.nikkei.com/2iibluh) Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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