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Hon Hai Precision Ind. Co Ltd to Invest in Mainland China

Wednesday, 13 Nov 2013 05:09am EST 

Hon Hai Precision Ind. Co Ltd announced that it will invest USD 14.85 million to establish a new subsidiary in Mainland China, through its subsidiaries, FOXCONN (FAR EAST) LIMITED, FOXTEQ HOLDINS INC, 101 EDUCATION TECHNOLOGY CO. LIMITED-CY, 101 EDUCATION TECHNOLOGY CO. LIMITED-BVI and 101 EDUCATION TECHNOLOGY(HONG KONG) CO. LIMITED. The new subsidiary will be engaged in online education application business.