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Stocks

Foxconn to sell 1% stake in Japanese unit Sharp

A step toward relisting company on Tokyo bourse's first section

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With its earnings in recovery, Sharp is looking to relist its stock on the Tokyo Stock Exchange's first section.   © Reuters

OSAKA -- Taiwan's Hon Hai Precision Industry is considering parting with a roughly 1% interest in Sharp as soon as this year to clear a barrier to the Japanese unit's return to the first section of the Tokyo Stock Exchange.

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