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Explain media reporting

28th Nov 2014 10:56

RNS Number : 3133Y
Hon Hai Precision Industry Co Ld
28 November 2014
 

Subject: Explain media reporting

Contents:

1.Date of occurrence of the event: 2014/11/28

2.Company name: Hon Hai Precision Ind. Co. Ltd

3.Relationship to the Company (please enter "head office" or

"subsidiaries"):head office

4.Name of the reporting media:Economic Daily / Commercial Times

5.Content of the report:

The "Guizhou on the Cloud" new application will be jointly built by Foxconn, Alibaba and 21Vianet, which also the first time in large scale corporation between Foxconn and Alibaba, that joint investment amount at RMB 3 billion (around NTD 15 billion). Furthermore, Guizhou Province government signed a "Comprehensive Strategic Corporation Framework Agreement" with Foxconn, Guiyang Municipal People's Government has signed "Guiyang City Free Public WiFi Project Corporation Framework Agreement" with Foxconn, Alibaba and 21Vianet. Also, Guiyang Municipal People's Government has signed "Guiyang City Colud Computing Center and Big Data Project Corporation Framework Agreement" with Foxconn, Guizhou Radio Corp., 21Vianet. Moreover, Guiyang Municipal People's Government has signed "Wealth and well-being e-Commerce Project Investment Framework Agreement".

6.Countermeasures:

The investment plan and structure are still discussing, will propose to board's approval and process according to the regulations.

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