Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Explain media reporting

19th May 2016 13:34

RNS Number : 7648Y
Hon Hai Precision Industry Co Ld
19 May 2016
 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCAKCDNBBKDNPD

Related Shares:

Hon Hai Precsn
FTSE 100 Latest
Value8,453.06
Change-10.40