Foxconn's units surge in HK, Taiwan on talks of manufacturing partnership with Geely

Foxconn Interconnect Technology

13/01/2021 08:37

** Shares of handset maker FIH Mobile Ltd  2038.HK  leads
rise in Foxconn relates shares, soaring as much as 35% to
HK$1.39, the highest since Jan. 29, 2020, on talks of parent
Foxconn teaming with Geely on manufacturing 
    ** Stock last up 21.4%, on track for the best session since
July 2019; seventh biggest percentage gainer among all listed
companies on the Hong Kong bourse 
    ** Another unit Foxconn Interconnect Technology  6088.HK 
jump as much as 14.2% to HK$2.97, highest since Nov. 18, 2020
    ** Taiwan's Foxconn  2317.TW  and Chinese automaker Zhejiang
Geely Holding Group  GEELY.UL  will form a partnership to
provide contract manufacturing as well as consultancy services
to automakers and mobility companies, sources said. urn:newsml:reuters.com:*:nB9N2FD02L
    ** Foxconn did not immediately respond to a request for
comment and Geely declined to comment
    ** Shares of Foxconn  2317.TW , formally Hon Hai Precision
Industry Co Ltd, rise 2.4% in Taiwan; its unit Foxconn
Technology  2354.TW  also surge 7.5%  
    ** Zhejiang Geely's Hong Kong-listed unit Geely Automobile
 0175.HK  gains 1.1% 
    ** The Hong Kong's Hang Seng Tech Index  .HSTECH  slips 0.7%
and benchmark index  .HSI  edges down 0.1%
    

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))