Caixin
Aug 27, 2018 05:31 PM
BUSINESS & TECH

Apple Supplier Foxconn to List Second Unit on Mainland

A Foxconn factory is seen in Zhengzhou, Henan province, in September 2014. Photo: VCG
A Foxconn factory is seen in Zhengzhou, Henan province, in September 2014. Photo: VCG

Major iPhone assembler Hon Hai Precision Industry Co. Ltd. is set to list its second subsidiary on the Chinese mainland, after the float of its first unit garnered overwhelming traction from investors in June.

Avary Holding (Shenzhen) Co. Ltd., a maker of printed circuit board (PCBs) under Taiwan’s Hon Hai, better known by its trade name, Foxconn, was issued a formal approval notice by the China Securities Regulatory Commission on Friday to float shares on the Shenzhen Stock Exchange. It received an initial approval on July 10.

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