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Deal delayed as Hon Hai talks to banks about aid to Sharp

OSAKA -- Hon Hai Precision Industry is holding off on signing a Sharp acquisition deal as the Taiwanese company negotiates with main lenders for additional support following revelations of the Japanese electronics manufacturer's contingent liabilities.

     Hon Hai, also known as Foxconn, says it has no intention of giving up on purchasing Sharp. But plans to sign the final contract in early March have been delayed.

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