Foxconn to invest 1 bln yuan for new business headquarters in China

Foxconn Technology

24/07/2024 01:24

BEIJING, July 24 (Reuters) - Taiwan's Foxconn plans to
invest 1 billion yuan ($137.5 million)to construct a new
business headquarters in Zhengzhou, China, according to a
statement on Wednesday.
    Foxconn Technology Group, a subsidiary of Hon Hai Technology
Group, signed a contract with the Henan provincial government
for the proposed project, which will have a construction area of
about 700 acres, the statement said.


($1 = 7.2748 Chinese yuan)

 (Reporting by Bernard Orr and Shanghai newsroom; Editing by
Jacqueline Wong)
 ((bernard.orr@thomsonreuters.com))