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Hon Hai Precision Industry Co (鴻海精密) yesterday said it would not send representatives to the board of flat-panel maker Innolux Corp (群創光電). Hon Hai, known as Foxconn Technology Group (富士康科技集團) outside of Taiwan, said in a statement that its wholly owned subsidiary Hyield Venture Capital Co (鴻揚創投), which owns a 1.67 percent stake in Innolux, would not send any representatives to the flat-panel company as board members. Following the announcement, Hon Hai shares rose 0.48 percent to NT$104.5, while Innolux shares fell 0.74 percent to close at NT$13.35 on the Taiwan Stock Exchange. Innolux, which has proposed reducing its capital by 9.5 percent

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