Brief: Foxconn Interconnect Technology Says Unit Proposed To Acquire Plot Of Land In Hyderabad
21/04/2023 13:25
April 21 (Reuters) - Foxconn Interconnect Technology Ltd
6088.HK :
* UNIT PROPOSED TO ACQUIRE A PLOT OF LAND OF UP TO 186.7
ACRES
LOCATED IN KONGARA KALAN HYDERABAD
* DEAL FOR US$23.8 MILLION
* GROUP IS EXPECTED TO RECORD UNAUDITED NET LOSS FROM
CONTINUING
OPERATIONS OF US$5 MILLION TO US$10 MILLION FOR Q1
* CURRENTLY EXPECTS TO SEE A YEAR-ON-YEAR DETERIORATION IN
GROUP'S
NET PROFIT OR LOSS POSITION
* EXPECTED LOSS DUE TO ADDITIONAL COSTS & EXPENSES INCURRED
DUE TO
CO'S INVESTMENT IN DIGITAL TRANSFORMATION
Source text for Eikon: ID:
Further company coverage: 6088.HK
Recent news on Foxconn Interconnect Technology
See all newsFoxconn Interconnect's Saudi JV to start building Middle East factory in December (updated)
Foxconn Interconnect's JV to start building Middle East factory in December (updated)
Foxconn Interconnect joint venture to start building Middle East factory in December
Brief: Foxconn Interconnect Technology's Board Approves Co's Proposal To Inject Capital Into Foxconn Interconnect Technology Singapore
Brief: Foxconn Interconnect Technology Posts Qtrly Net Profit From Cont Ops $6.2 Million