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Apple iPhone-assembler Hon Hai’s share trading halted ahead of disclosures

MacDailyNews

Jul 29

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The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse

Hon Hai Precision Industry Co.’s shares were halted from trading in anticipation of market-sensitive information, a rare step indicating a significant announcement expected on Wednesday.

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The world’s largest assembler of Apple Inc.’s iPhones will apply for a resumption of trading after that disclosure, Taiwan’s stock exchange said in a statement.
A Hon Hai representative did not have immediate comment to provide. Trading suspensions typically take place ahead of the announcement of potentially market-moving decisions, such as an acquisition.

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