Hon Hai and it's subsidary Foxconn both fell dramatically after Sharp's stock dropped 28 percent on Aug 3 in Japan.

Following local media reports, Foxconn reiterated that it plans to go ahead with an investment of 9.9 percent in Sharp, but at a renegotiated price. The company initially commented on August 3 but made a further announcement on the Taiwan stock exchange today.

The original price for the deal was 550 yen per share.