Lenovo may buy Sharp factory

Immersed in the crisis affecting Japanese TV makers, Sharp is in talks with Lenovo to have the group buy its Chinese factory, the company said. Reuters. Agency sources say the company hopes to sell the Nanking plant, where LCD TVs are made, as well as other subsidiaries in the region.

In November, Sharp said it might not survive on its own after doubling its annual net losses to $ 5.6 billion. To pay short-term loans and avoid bankruptcy, the company obtained a US $ 4.4 billion bailout package. Even so, in a statement, the manufacturer said it had not made any statement to the Tokyo Stock Exchange about possible trades.

Before, Sharp had been talking to Taiwanese Hon Hai to get rid of the factory in China, in addition to another one that is in Mexico. Hon Hai would also buy a share of Sharp and even acquired a slice of the LCD operations that the company maintained in western Sakai, but now it can only stay with the North American factory of Sharp.

Crisis TV Lenovo sharp

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