Last checked at 13 Nov 2017 07:00
Subject: Explain media reporting
Date of events:2017/11/12
Contents:
1.Date of occurrence of the event:2017/11/12
2.Company name: Hon Hai Precision Ind. Co. Ltd
3.Name of the reporting media: Commercial Times
4.Content of the report:
Hon Hai signed a contract to invest US$10 billion to build plant in Wisconsin, USA
5.Countermeasures:
5.1 AFE, Inc, the Company's subsidiary, signed a tax incentive contract with Wisconsin Economic Development Corporation (WEDC). AFE, Inc and affiliated companies expect to invest US$10 billion and create 13,000 local jobs in Wisconsin. The following investments by the Company's subsidiaries will be announced in compliance with related regulations.
5.2 Compensation of up to US$1,098 million will be paid to Wisconsin if the Company's subsidiaries fail to fulfill the contract terms after the tax incentives are granted to them.