19th May 2016 13:34
Subject: Explain media reporting
Contents:
1.Date of occurrence of the event: 2016/05/19
2.Company name: Hon Hai Precision Ind. Co. Ltd
3.Name of the reporting media: Economic Daily
4.Content of the report:
FIH Mobile has teamed up with Finland-based HMD Global Oy to acquire Nokia's feature phone business. FIH Mobile will pay US$ 330 million and take the majority of the mobile assets.
5.Countermeasures:
With regards to the US$330 million feature phone deal between FIH Mobile., a Hong Kong listed subsidiary of Hon Hai, and Nokia under Microsoft, the company will follow the related regulations and complete the process once the investment amount is confirmed.
Related Shares:
Hon Hai Precsn