Date
21 November 2017

Hon Hai eyes NT$10 trln annual sales in 5-6 years, paper says

Taiwan’s Hon Hai Precision Industry Co. Ltd., the parent of Foxconn Technology Group (02038.HK), is aiming for revenue expansion of 15 percent this year, much more than the annual growth targets in the past few years, Economic Daily News reported Monday, citing group chairman Terry Guo. The company, which posted revenue of nearly NT$4 trillion (US$132.1 billion) last year, aims to take the figure to more than NT$10 trillion in five to six years from now, Guo was quoted as saying. He said he will restructure the company into 12 sub-groups, against the current 10 business groups, the report said.

– Contact HKEJ [email protected]

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