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Taiwan's Hon Hai Precision plans to spin off its cable and connector business to be listed in Hong Kong, and the fundraising size may not exceed US$1 billion
.
Taiwan's Hon Hai Precision plans to spin off its cable and connector business to list in Hong Kong, and the fundraising may not exceed US$1 billion
.
At the end of last year, it was reported that the fundraising scale was at least US$1.
5 billion, and Bank of America Merrill Lynch, Bank of China and Credit Suisse would participate in the transaction
.
Hon Hai Precision's Hon Teng Precision may be listed in
the third or fourth quarter of this year.
It is not yet known whether Hon Hai will continue to hold a controlling stake
after the listing.
According to market data, Hongteng Precision is the largest connector manufacturer in Greater China in terms of revenue last year, ranking 5th in the world, with a global market share of 11.
7% and 4.
2%
in Greater China and the global market respectively.
Taiwan's Hon Hai Precision plans to spin off its cable and connector business to be listed in Hong Kong, and the fundraising size may not exceed US$1 billion
.
Taiwan's Hon Hai Precision plans to spin off its cable and connector business to list in Hong Kong, and the fundraising may not exceed US$1 billion
.
At the end of last year, it was reported that the fundraising scale was at least US$1.
5 billion, and Bank of America Merrill Lynch, Bank of China and Credit Suisse would participate in the transaction
.
Hon Hai Precision's Hon Teng Precision may be listed in
the third or fourth quarter of this year.
It is not yet known whether Hon Hai will continue to hold a controlling stake
after the listing.
According to market data, Hongteng Precision is the largest connector manufacturer in Greater China in terms of revenue last year, ranking 5th in the world, with a global market share of 11.
7% and 4.
2%
in Greater China and the global market respectively.
