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Foxconn now substantial shareholder in DNeX


DNeX group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said DNeX is open to any collaboration with strategic partners and investors that can bring value to the group.
KUALA LUMPUR: Hon Hai Precision Industry Co Ltd’s subsidiary Foxconn Singapore Pte Ltd has emerged as a substantial shareholder in Dagang Nexchange Bhd
(DNeX) after purchasing 120 million shares.
A filing with Bursa Malaysia showed the shares, representing a 5.03% stake, were acquired on June 10 from the existing shareholders.
DNeX group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said DNeX is open to any collaboration with strategic partners and investors that can bring value to the group. ....

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Foxconn to invest $700 million in Vietnam


Foxconn to invest $700 million in Vietnam
16:10 | 11/03/2021
Foxconn s investment of $700 million is expected to create 10,000 jobs for Vietnamese people
A representative of Foxconn said that by the end of 2020, the group has invested $1.5 billion in Vietnam.
One of the company s key projects is the $270 million factory of Fukang Technology in Bac Giang province, in which Foxconn Singapore Pte., Ltd. is the investor.
Fukang Technology is a subsidiary of Foxconn (also known as Hon Hai Precision Industry Company). It has been licensed to invest in building factories to manufacture 8 million MacBook and iPad products a year.
Foxconn s total revenue in Vietnam amounted to $3 billion in 2019, $6 billion in 2020, and could reach $10 billion this year. Foxconn s goal in the next 3-5 years is to increase sales in Vietnam to $40 billion. ....

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