Sharp shares up more than 10 percent after Foxconn completes stake purchase

EghtesadOnline: Shares of Sharp Corp soared more than 10 percent in early trade on Monday after the company said that Taiwan's Foxconn completed its takeover.

News ID: ۷۳۵۸۵۹

15 August 2016

Sharp on Friday said that Foxconn completed the 388.8 billion yen ($3.84 billion) purchase, bringing Foxconn's stake to 66.07 percent

Sharp jumped as high as 17 percent to 124 yen, the highest since June 24.

($1 = 101.2700 yen)