On September 15th, 2012, Sharp, the father of LCD, who started the production of belt buckles and automatic pencils, will go through a full 100-year journey. After experiencing the prosperous life of LCD products, mobile terminals and solar cells, the “three big trump card business†is now in the midst of a huge loss of mud, and an old man is sighing that the hero is late. At this time, how to sign a share-holding agreement with the global foundry giant Taiwan Hon Hai Precision Industry Co., Ltd. (hereinafter referred to as Hon Hai), to a certain extent, became a "life and death sign" that Sharp had to draw. Hon Hai’s coveted management rights, Sharp’s deep illness in Japan, a long-standing agreement, and the game between the two sides continues.
Sharp is not warm, Guo Taiming is furious
"In the next 12 months, the company will have 706 billion yen short-term debt due; as of the end of June this year, the company's long-term debt was 314 billion yen. The total cash and cash equivalents during the same period was only 218 billion yen." This is part of this year's Sharp Financial Statement. According to President Okuda Takashi, Sharp’s deficit in the past year has reached a record high of 190 billion yen in the past 100 years. Sharp's net debt-to-equity ratio is six times the industry average. How to survive under the pressure of huge debts has become a problem that must be considered in this century-old store.
When Sharp’s fate was at stake, Hon Hai took over the olive branch he had thrown. On March 7 this year, Hon Hai announced that it had invested 66.9 billion yen ($854 million) in the Sharp Head Office and obtained a 9.9% stake in Sharp Corporation. At the same time, it will invest 66 billion yen to participate in the Sharpe City Plant's 37.61%, and acquire half of the production capacity of the 10th generation line (Sharp Display Products Business Subsidiary). Hon Hai’s chairman, Guo Taiming, is the “big hand†of Sharp’s bottom-selling, which is regarded as the most important combination of the recent consumer electronics industry.
However, after the initial agreement was signed, Sharp's share price has fallen by nearly 65%, and Hon Hai's own share price has also been dragged down. Hon Hai said on August 3 that he will renegotiate with Sharp to invest in Sharp's price and related cooperation matters.
Guo Taiming went to Japan to negotiate last week, and the two sides still have not reached an agreement. "You Japanese, why should it take so long to decide one thing? Are you really planning to rebuild the company? I will say it again! Don't accept our request, you should consider it quickly!" August 30 On the afternoon of the afternoon, Guo Taiming took these two sentences and angered leaving the Sharp City factory in Sharp, Osaka. Guo Taiming’s anger stems from the lack of warmth in Sharp’s cooperative attitude. Guo is clearly impatient with this “marathonâ€-style negotiation.
Acer's founder Shi Zhenrong said on September 6 that "Guo Taiming must succeed" because the outcome of the negotiations may affect the cooperation opportunities between Taiwanese companies and Japanese companies in the next 30 years. The success stories of cooperation between Taiwan and Japan are limited. This time, "Hong Xia Lian" Success will be of great significance. However, as of press time, there is no clear timetable for cooperation.
Sharp is not warm, Guo Taiming is furious
"In the next 12 months, the company will have 706 billion yen short-term debt due; as of the end of June this year, the company's long-term debt was 314 billion yen. The total cash and cash equivalents during the same period was only 218 billion yen." This is part of this year's Sharp Financial Statement. According to President Okuda Takashi, Sharp’s deficit in the past year has reached a record high of 190 billion yen in the past 100 years. Sharp's net debt-to-equity ratio is six times the industry average. How to survive under the pressure of huge debts has become a problem that must be considered in this century-old store.
When Sharp’s fate was at stake, Hon Hai took over the olive branch he had thrown. On March 7 this year, Hon Hai announced that it had invested 66.9 billion yen ($854 million) in the Sharp Head Office and obtained a 9.9% stake in Sharp Corporation. At the same time, it will invest 66 billion yen to participate in the Sharpe City Plant's 37.61%, and acquire half of the production capacity of the 10th generation line (Sharp Display Products Business Subsidiary). Hon Hai’s chairman, Guo Taiming, is the “big hand†of Sharp’s bottom-selling, which is regarded as the most important combination of the recent consumer electronics industry.
However, after the initial agreement was signed, Sharp's share price has fallen by nearly 65%, and Hon Hai's own share price has also been dragged down. Hon Hai said on August 3 that he will renegotiate with Sharp to invest in Sharp's price and related cooperation matters.
Guo Taiming went to Japan to negotiate last week, and the two sides still have not reached an agreement. "You Japanese, why should it take so long to decide one thing? Are you really planning to rebuild the company? I will say it again! Don't accept our request, you should consider it quickly!" August 30 On the afternoon of the afternoon, Guo Taiming took these two sentences and angered leaving the Sharp City factory in Sharp, Osaka. Guo Taiming’s anger stems from the lack of warmth in Sharp’s cooperative attitude. Guo is clearly impatient with this “marathonâ€-style negotiation.
Acer's founder Shi Zhenrong said on September 6 that "Guo Taiming must succeed" because the outcome of the negotiations may affect the cooperation opportunities between Taiwanese companies and Japanese companies in the next 30 years. The success stories of cooperation between Taiwan and Japan are limited. This time, "Hong Xia Lian" Success will be of great significance. However, as of press time, there is no clear timetable for cooperation.
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