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Business

Hon Hai to take control of Sharp LCD venture

Nearly $450m investment will make Taiwanese giant majority shareholder

Hon Hai's stake in Sakai Display Products will rise to 53%.

TAIPEI/OSAKA -- Hon Hai Precision Industry plans to turn an LCD screen joint venture with Sharp into a subsidiary, investing a total of 52.1 billion yen ($447 million) as it seeks further inroads in the field with Sharp's know-how.

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