Cloud Computing, Internet Datacenters and Big Data Business Intelligence from China

Hon Hai Makes Korean Inroads With SK Group Purchase

Hon Hai Group has purchased 2.45 million shares of SK C&C, a subsidiary of South Korea's SK Group, representing a shareholding of 4.9%.

Hon Hai published a report, stating that as a long-term investment, its subsidiary Best Leap Enterprises Limited acquired 2.45 million shares of SK C&C, with the price of KRW155,500 per share. The total trading value was KRW380.975 billion, which was about CNY2.34 billion.

With the acquisition, Hon Hai Group will become the second largest shareholder of SK C&C and the company will have the opportunity to implement extensive cooperation with SK Telecom in the future.

As a subsidiary of SK Group, SK C&C specializes in communications service platform solutions. Its applications cover various industries, including finance, telecom, energy, logistics, media, education, and health; and its products include e-commerce platforms, SIM cards, energy management, storage systems, corporate mobile platforms, and cloud computing solutions.

Be the first to comment on "Hon Hai Makes Korean Inroads With SK Group Purchase"

Leave a comment

Your email address will not be published.


  Other China News

Nokia Phone Returns To China Via Exclusive Sales Channel

Artificial Intelligence Experts Join Sinovation Ventures

Apple's Struggles Drop Foxconn's Revenue 2.81% In 2016

Artificial Intelligence Guru Finds Search Engine Baidu


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco