Hon Hai's precision GDR

Computer giant returns to DR market for the first time since 1999.
March 17, 2005
Founder and Chairman Terry Guo divested a 1.8% stake in Hon Hai Precision Industries yesterday March 17, raising $258.5 million from a 29.366 million unit deal. Under the lead management of Goldman Sachs, the deal was marketed at a fixed priced of $8.8017, which represented a 3% discount to the stock's spot close of NT$141 in Taipei. Two shares equal one unit.



Hon Hai has been one of the strongest performers in Taiwan's tech universe over the past year, rising 50% since last August. Year-to-date it is down 4%, although it hit a high of NT$147 at the very beginning of January and after a retracement during the first month of the...

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