TOKYO Aug 17 Taiwan's Hon Hai Precision
Industry is seeking to raise its stake in Japanese LCD
maker Sharp Corp to about 20 percent from a previously
agreed 9.9 percent, the Nikkei business daily reported in its
online edition on Friday.
Sharp's lenders are telling the troubled company that a
capital-tie up with Hon Hai, the world's leading contract
electronics maker and a key supplier to Apple Inc, is a
prerequisite for further financial support, the Nikkei said.
Hon Hai is said to be seeking a price of about 200 yen per
share for Sharp, compared with the 550 yen initially agreed in
March. Sharp's shares shot up as much as 13 percent on the
report. They were up 4.0 percent at 182 yen in late afternoon