Reuters: Market News: Apple supplier Hon Hai to take 11 pct stake in Sharp

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Apple supplier Hon Hai to take 11 pct stake in Sharp Mar 27th 2012, 08:31 TOKYO, March 27 | Tue Mar 27, 2012 4:31am EDT TOKYO, March 27 (Reuters) - Taiwan's Hon Hai Precision Industry Co will take an 11 percent stake in Japan's Sharp Corp, the Japanese company said on Tuesday, under a tie-up in LCD production that includes Sharp issuing 66.5 billion yen ($803 million) worth of its shares to four Hon Hai group companies. Hon Hai, an Apple supplier, will hold a 46.48 percent stake in Japan's main Sakai plant, in western Japan.

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