BREAKING NEWS

BREAKING NEWS

Taiwan's Hon Hai Precision plans to list unit's shares in Shanghai

Taiwan's Hon Hai Precision plans to list unit's shares in Shanghai
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TAIPEI (Reuters) - Taiwan's Hon Hai Precision Industry Co, the world's largest contract electronics manufacturer, said it planned to list shares of a subsidiary in Shanghai.

The subsidiary, Foxconn Industrial Internet Co Ltd, will issue common A-shares and has filed for trading on the Shanghai Stock Exchange, a stock exchange statement late on Wednesday showed.

No other details, including the date of listing, were available in the statement.

(Reporting by Jess Macy Yu and Chyen Yee Lee; Editing by Amrutha Gayathri)

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