GREENDUST DEAL:The company is to invest in the refurbished online shopping site, which it said is part of an as yet unconfirmed plan to expand its reach in India
Date: Sep 02, 2015
By: Lauly Li / Staff reporter
Hon Hai Precision Industry Co (鴻海精密), an assembler of Apple Inc’s iPhone devices, yesterday said it will continue to look at investment opportunities in Indonesia after it is reported to have canceled plans to invest in a manufacturing plant there.
Citing Indonesian Chamber of Commerce and Industry Chairman Suryo Bambang Sulisto, Indonesian daily Kontan said that Hon Hai has decided to withdraw its planned investment of US$1 billion from the nation because the Indonesian government reportedly rejected a company request for free land. [FULL STORY]