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ECNS Wire

Terry Gou wants Foxconn listed on Chinese mainland

1
2015-06-26 13:46Ecns.cn Editor: Mo Hong'e

郭台铭考虑富士康在大陆上市 未来3至5年内完成

制造业大户富士康可能要在大陆上市。昨日,鸿海精密董事长郭台铭在公司股东大会上表示,鸿海精密正考虑在未来3年至5年内让其中国大陆业务部门在当地交易所上市。

(ECNS) -- Taiwan's Hon Hai Precision Industry Co is considering having its Chinese mainland business, Foxconn Technology Group, listed on the local stock market in the coming three to five years, Beijing News reported on Friday, citing Hon Hai Chairman Terry Gou.

Guo said at Hon Hai's annual shareholders meeting on Thursday that the spinoff could help boost the value of its business on the Chinese mainland. Despite its expansion plans in India, Hon Hai will not cut its manufacturing scale on the mainland, where the consumer market is emerging rapidly, according to the newspaper.

Statistics show that Foxconn's total volume of imports and exports accounted for 3.5 percent of that of Chinese mainland in 2014.  

Guo did not elaborate on the planned spinoff, while Foxconn, the world's largest electronics contractor manufacturer, has made no comment either, it was stated.

Guo had announced Hon Hai's spinoff and restructuring plans at the shareholders meeting back in 2013. So far, a variety of companies under it are listed on stock exchanges in Taiwan, Hong Kong and London.

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