Wednesday, December 7, 2005
Foxconn Advanced Technology Inc. (FAT), a flexible printed-circuit board (PCB) subsidiary of Hon Hai Group, reportedly has planed to list on the Hone Kong Stock Exchange (HKSE) in the fist half of next year.
If it is confirmed, FAT will be the second company of Hon Hai to list on the HKSE after Foxconn International Holding (FIH). C.A. Ding, spokesman of Hon Hai Group indicated that he has no idea about the IPO of FAT and has no further information to dwell on.
It is reported that Hon Hai will send personnel to Hong Kong by the end of this year to discuss underwriting details. FAT is the largest FPCB maker in Taiwan and currently the two major customers of FAT are Nokia and Motorola.
In the first half of this year, the company hit revenues of over NT$2.8 billion with gross earnings of over NT$600 million and earnings per share of NT$3.81. However, the foreign investors pointed out that unless the FAT's annual report comes out, it is too early to decide the price of FAT's IPO in Hong Kong.
By: DocMemory
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