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Explain media reporting

6th Aug 2015 07:00

RNS Number : 2754V
Hon Hai Precision Industry Co Ld
06 August 2015
 

Subject: Explain media reporting

Date of events:2015/08/06

Contents:

1.Date of occurrence of the event:2015/08/06

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: Commercial Times

5.Content of the report:

Hon Hai and Gautam Adani Group will co-invest US$ 5 billion in India to set up Apple production line, while the joint venture aims to produce 400 million iphones per year in the future

6.Countermeasures:

The company is evaluating all kinds of potential opportunities in India. To comply with regulatory requirements, the investments will have to go through necessary evaluation processes and need board's approval.

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