Foxconn plans to raise funds for development through an additional issue of shares

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POSTER: computer news   ||   FOXCONN PLANS TO RAISE FUNDS FOR DEVELOPMENT THROUGH AN ADDITIONAL ISSUE OF SHARES	DATE:2014-05-26
Public companies often receive funds for development through the sale of shares.  Newly issued shares in this case blur capital.  As reported by Reuters, to the additional shares is going to resort  the Taiwanese company Hon Hai Precision Industry, more familiar to us by the brand Foxconn.  It is the largest contract manufacturer of Apple products , which in recent years trying to reduce its dependence on this customer due to attempts to gain a foothold in the new market segments. Additional issue of shares worth about $ 310 million will be made through the depository receipts - means that holders of the new shares will be foreign investors.  Proceeds Foxconn intends to spend on expanding its presence in the international market and investment in developing the telecommunications industry in Taiwan, where gaining popularity generation network 4G.  Perhaps Foxconn products in a wide range will soon be seen outside the home market for the company. Interest in the assets Sharp, associated with the release of displays and TVs, working with HP in the development of a cloud servers, execution of orders on the issue of budget smartphones BlackBerry - all attempts to get rid of Foxconn image as  general Apple contractor , which both aim to find more profitable activities.   Related Products :

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