Foxconn Electronics (Hon Hai Precision Industry) on July 24, announced plans to re-issue unsecured Euro convertible bonds (ECBs) worth US$1 billion, to fund expanding its capacity.
Foxconn also pointed out that the reason the company revoked the previous bond issue was because the project expired. As for the new bonds, the company currently does not yet have a confirmed release date.
In addition to the ECB issue, Foxconn also announced plans to invest US$64 million in its China's subsidiaries that manufacture products such as set-top-boxes (STBs), tablet PCs and handsets, and their components.
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