NetEase Science and technology news June 30, according to Reuters, Hon Hai Precision said Monday, has acquired South Korean IT services company SK C&c Group 4.9% of the shares, the contribution of 381 billion won (about 377 million U.S. dollars). This is the second acquisition investment by Hon Hai to diversify its business in less than 2 months.
TheHon Hai said that its bid of 155,500 won/shares to buy SK Group shares, which is a long-term investment. But the company did not disclose other details. SK Group in the regulatory document submitted, said the sale of the shares is the SK holding chairman and SK Group's largest shareholder Chey Tae-won. After the sale, his stake in SK Group fell from 38% to 33.1%. SK Group, including SK Holdings and the world's second largest chip company SK Rexroth and other departments.
A spokeswoman for the SK Group said: "Hon Hai is ready to expand its business portfolio to the ICT-centric service sector, and it is positive for them to choose SK Group as a partner." The Foxconn Technology Group, the parent company of Hon Hai, said at the end of May that it would fund 11.6 billion NT dollars (about $390 million) to buy shares in Asia-Pacific Telecom, the Taiwanese mobile operator.Today's news pushed Hon Hai's shares up 1.4% to 100 NT dollars, a high for years. SK Group's shares rose 4.8%. (Mushulin)
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