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Hon Hai Plans $1.5 Billion Hk Ipo For Foxconn Interconnect Technology Unit: Ifr

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei cityHONG KONG (Reuters) - Taiwan's Hon Hai Precision Industry Co plans to spin off its Foxconn Interconnect Technology unit in a Hong Kong initial public offering worth at least $1.5 billion, IFR reported on Thursday, citing people close to the deal. The listing of FIT, as the unit is called, is planned for the second quarter of 2016, with funds from the deal to be used to expand its overseas business and develop new technologies, added IFR, a Thomson Reuters publication. FIT makes electronic connectors and cables. ...




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