Sharp Corp CEO Kozo Takahashi and Foxconn Chief Executive Terry Gou plan to meet on Friday in China, a person familiar with the matter said, a day after the world's largest contract maker of electronic goods put its takeover of the loss-making Japanese firm on hold.
Shares in Sharp plummeted 15 percent on Friday after sources said previously undisclosed liabilities were responsible for the 11th-hour delay.
Loss-making Sharp announced on Thursday it had decided to sell a two-thirds stake to Foxconn, formally known as Hon Hai Precision Industry and a major Apple supplier.
Just hours later, Foxconn said it would not sign the deal until it had clarified some "new material information" from Sharp. It did not elaborate.
The Japanese group had contingent liabilities that amounted to around 300 billion yen ($2.7 billion), three sources familiar with the matter said.
One of the sources said Foxconn's own due diligence had uncovered liabilities just under 100 billion yen.
The sources, who declined to be identified due to the sensitivity of the matter, did not elaborate on the nature of the liabilities. Reuters has not seen any documents regarding the new information.