6 Aug 2015 07:00
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.