Talks for Taiwan's Foxconn to acquire a majority stake in Japan's Sharp are "on the right track", people familiar with the matter said today.

This follows a last-minute hitch over contingent liabilities caused delays to the completion of the deal last month.

Discussions are set to conclude this week, one person said, adding that most of the due diligence is done. 

Foxconn late last month suspended the signing of a deal to take over the loss-making Japanese electronics firm, citing the emergence of new material information. 

The announcement came after Sharp's board voted in favour of Foxconn's offer, estimated at nearly $6 billion.

Terry Gou, chief executive of Foxconn, is in Bangkok to participate in a business expansion meeting sponsored by Sharp, the Taiwanese firm, formally known as Hon Hai Precision Industry, said. 

The company adding that he was invited to attend the event by Sharp. 

His attendance signals Gou has begun to participate in Sharp's activities, said a separate source familiar with Foxconn's thinking. 

Foxconn said in a statement on the weekend that there was no firm date to sign a deal with Sharp as both sides continued to make progress towards an agreement. 

The hitch to Foxconn's takeover of Japan's struggling Sharp centered on information that listed around 300 billion yen ($2.7 billion) in contingent liabilities at Sharp, sources have previously said. 

These were worst-case scenario risks that might happen in the future, but not liabilities that required formal disclosure, they added.