Foxconn to buy majority stake at SoftBank Capital APAC for $600m

Foxconn to buy majority stake at SoftBank Capital APAC for $600m

Workers stand at the gate of a Foxconn factory in the township of Longhua in Shenzhen, Guangdong province in this May 26, 2010 file photo. REUTERS/Stringer

Foxconn Technology Group, a subsidiary of Hon Hai Precision, is expected to close the acquisition of 54.5 per cent of SoftBank Group Capital APAC for $600 million, on March 1, to jointly make investments under the leadership of Foxconn.

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