Shulou(Shulou.com)11/24 Report--

CTOnews.com Sept. 18, according to Taiwan Economic Daily, Hon Hai Group's Japanese merchant Sharp (Sharp) ushered in its 110th anniversary. Hon Hai founder Terry Gou personal investment company SIO recently increased its stake in Sharp, rising from 5.75% to 13.24%, making it Sharp's second-largest shareholder.

With the increase of Terry Gou's shareholding, Pan Hon Hai's overall shareholding in Sharp rose from 49.5% to 57.3%, breaking the 50% mark again. SIO said that the goal of increasing Sharp's holdings is to maintain Sharp's operational stability and increase enterprise value.

CTOnews.com learned that Sharp had issued new shares to acquire panel maker SDP, causing Pan Hon Hai's stake in Sharp to fall below 50% for the first time since it bought Sharp in 2016.

Taiwan media pointed out that although Hon Hai Group has actively developed various brand businesses for end consumers in recent years, Sharp is still the largest brand company under the group, which has been established for 110 years.

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