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Foxconn to take major stake in battery maker Simplo

Kung-Tien Huang, Taipei; Rodney Chan, DIGITIMES 0

Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) will invest NT$1.43 billion (US$43.37 million) through a private placement and take a major stake in battery maker Simplo Technology, Simplo announced today.

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