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The Nikkei News reported that Sharp will be the fastest on February 4, indicating that he is willing to accept the INCJ's bail-out plan and formally decided in mid-February. Sharp seems to think that compared with the private bailout plan, INCJ's proposal for parallel rectification of liquid crystal and white goods is more favorable to the company's rectification speed and employment opportunities.
INCJ's Industrial Innovation Committee has roughly approved a plan to invest 300 billion yen ($1.7 billion) in Sharp, and has demanded that Sharp's president Takahashi Hiroshi and other three giants step down. INCJ will also spin off Sharp's liquid crystal display (LCD) business with the goal of completing a merger with Japan Display in 2018.
Sharp will also conduct final phase negotiations with two major banks, Mizuho Finance and Mitsubishi UFJ Financial Group, for details of approximately 350 billion yen ($2.9 billion) in debt.
Japan’s current affairs news agency (Jiji Press) reported that Guo Taiming visited Sharp on the 30th to propose a new bail-out plan, including conditions superior to INCJ’s capital contribution. The report pointed out that Hon Hai also extended the negotiation period to February 4, when the Sharp Board of Directors will meet to discuss the company's financial performance.
Regardless of the outcome, the resulting entity will be Apple as a major customer.