February 7, 2018 / 2:18 PM / 19 days ago

BRIEF-Foxconn Interconnect Technology Says Two Units Entered Agreement With Sharp To Establish JV Co

Feb 7 (Reuters) - Foxconn Interconnect Technology Ltd :

* UNIT FIT SINGAPORE AND UNIT FOIT SINGAPORE ENTERED INTO JOINT VENTURE AGREEMENT WITH SHARP CORP TO ESTABLISH JV CO

* FIT SINGAPORE AND FOIT SINGAPORE TO MAKE TOTAL CAPITAL CONTRIBUTION OF JPY1.54 BILLION TO JV CO

* JV CO TO BE OWNED 51% BY FIT SINGAPORE AND FOIT SINGAPORE, AND AS TO 49% BY SHARP​

* SHARP CORP TO MAKE A CAPITAL CONTRIBUTION OF JPY1.48 BILLION TO JV CO

* JV CO TO DEVELOP, DESIGN, MANUFACTURE, DISTRIBUTE & MARKET AUTOMOTIVE CAMERAS AND ELECTRONIC MIRRORS Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below