Taiwan’s Financial Supervisory Commission (FSC) Chairperson Wang Li-ling says the government is closely watching the deal between Foxconn and Japanese electronics maker Sharp.
Foxconn is Taiwan’s leading electronics manufacturing company. A takeover deal between the two has gone through some twists and turns over the past two days. Foxconn has decided to delay the signing of the deal before it reaches an understanding of one key document.
Because of the uncertainties surrounding its takeover bid, there are concerns about whether trading of Foxconn’s stock should be suspended. However, FSC Chairperson Wang Li-ling says the company has already done what it should do.
"As of now, there is no big discrepancy between the information [provided by Foxconn] and the required information. [Foxconn] has released most of the information. We will be monitoring future developments closely," said Wang.