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Foxconn Unit Planning $4 Billion Investment After China IPO

February 12, 2018

Foxconn Industrial Internet Co. is seeking to use proceeds from an initial public offering in China to bankroll 27.3 billion yuan ($4.31 billion) investment in next-generation projects.

A unit of Hon Hai Precision Industry Co., the Taiwanese manufacturing giant responsible for making Apple iPhones and Amazon Fire tablets, Foxconn Industrial is looking to fund eight new technology projects, the firm said in an application prospectus on the China Securities Regulatory Commission website.

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