On December 13, Hon Hai Precision Industry Co., Ltd. (hereinafter referred to as "Hon Hai Group") issued a public notice that Hon Hai's board of directors today passed a resolution to be proposed by its subsidiary Foxconn Industrial Internet Co (Foxconn Industrial Internet Co ., Ltd. hereinafter referred to as FII) to apply for listing on the Shanghai Stock Exchange. The date of approval for future application has not yet been determined.
In Hon Hai Group's view, FII application for listing on the Shanghai Stock Exchange for the Group to develop the established strategic approach, in line with Hon Hai continued investment in recent years, the United States, Japan, Europe and other global layout.
Since 2017, Hon Hai Group has spent heavily in Guangzhou and Wisconsin in the United States building a panel industrial park. On the basis of its Sharp panel technology, Gou Hai-hao, chairman of Hon Hai Group, has repeatedly stressed the company's investment and ambition in "8K + 5G", "Industry 4.0", "+ Internet". This is also the direction of Hon Hai Group's transformation and upgrading.
Reporters query the State Enterprise Credit Information Disclosure System that Foxconn Industrial Internet Co., Ltd. was established in March 2015, sponsored by Robot Holdings Limited and Hong Fu Jin Precision Industry (Shenzhen) Co., Ltd..
Today, the Industrial Internet has flourished in mainland China. On October 30 this year, the State Council executive meeting passed the "Guiding Opinions on Deepening Internet + Advanced Manufacturing Industry" in the development of the industrial internet, promoting the revitalization of the real economy and accelerating the transformation and upgrading. The Hon Hai Group also want to seize the opportunity of the industrial Internet.
Hon Hai Group said the FII application will not only help the Group retain the local key talent, share the development dividend, will be able to make full use of the mainland talent, capital and market to build an industrial Internet ecosystem in order to implement the Group " Long-term, stable, development, science and technology, international "business objectives.
The notice also mentions that Hon Hai Group will still hold 85% of the issued shares when FII is listed. Hon Hai will convene an extraordinary general meeting in January 2018 to vote on the listing plan for FII.