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7 months ago
BRIEF-Hon Hai to establish joint venture capital fund
December 19, 2016 / 7:25 AM / 7 months ago

BRIEF-Hon Hai to establish joint venture capital fund

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Dec 19 (Reuters) - Hon Hai Precision Industry Co Ltd

* Says jointly establish via its subsidiary Foxconn a 1.4 billion yuan ($201.61 million)venture capital fund with IDG Capital and Huafa Group

* Says the fund plan will invest in medical and healthcare, cultural and creative industries, and new technologies

* Says investment needs to be approved by the board of the investment entity

Source text for Eikon:

Further company coverage:

$1 = 6.9440 Chinese yuan renminbi Reporting by Hong Kong newsroom

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