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Foxconn gets regulatory approval for USD 4.3 bln IPO launch

Friday 9 March 2018 | 09:03 CET | News
Foxconn Industrial Internet has received approval from China's securities regulator to raise capital through an initial public offering. The unit of Taiwan's Hon Hai Precision Industry has been approved by the China Securities Regulatory Commission to raise CNY 27 billion (approximately USD 4.3 billion) in an IPO, South China Morning Post reports, citing a statement from the regulator. Foxconn filed its stock-sale application on 1 February.

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Categories: Internet / IT
Companies: Foxconn / Hon Hai Precision Industry
Countries: China
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