China News Xinhua Wei client December 13 According to the Taiwan Stock Exchange on the 13th news, Hon Hai Precision Board through its subsidiary Foxconn Industrial Internet Co., Ltd. initial public offering of RMB common stock and apply for a listing on the Shanghai Stock Exchange.
It is understood that the foundry profits gradually thinning the present moment, Gou has been leading Hon Hai restructuring in recent years, from its own brand to the channel several times to test the water, want to rip off the foundry label.
As early as 2012, Hon Hai launched its own branded TV called Rui Xia, but it disappeared in the color TV series. Hon Hai was also ambitious in terms of mobile phone brands and accessories. In 2016, it acquired with Microsoft the HMD company Nokia.
In 2016, Hon Hai also acquired Sharp, once again get its own brand and upstream resources, Gou revival Sharp placed great expectations.In February this year, Sharp released earnings report, as of the end of December last year, third-quarter results from the top Year-over-year loss of 24.7 billion yen to net profit of 4.2 billion yen, the first time in nine quarters for profit.