Hong Kong: Hon Hai plans $1.5b IPO to spin off Foxconn Interconnect Technology unit

Hong Kong: Hon Hai plans $1.5b IPO to spin off Foxconn Interconnect Technology unit

Taiwan’s Hon Hai Precision Industry Co plans to spin off its Foxconn Interconnect Technology unit in a Hong Kong initial public offering worth at least $1.5 billion, IFR reported on Thursday, citing people close to the deal.

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