INVESTORS’ CONCERNS: One analyst said that Terry Gou is unlikely to stop directing day-to-day operations completely, as he still holds a 9.63 percent stake in the firm

Taipei Times
Date: Jun 10, 2019
By: Staff writer, with CNA

A succession plan for when Hon Hai Precision Industry Co (鴻海精密) chairman Terry Gou (郭台銘) steps down, among other major issues, is expected to dominate the firm’s investors’ conference tomorrow, analysts said.

It will be the first time that Hon Hai has held a conference for investors since the firm’s initial public offering on the Taiwan Stock Exchange on June 18, 1991.

Hua Nan Securities Investment Management Co (華南投顧) chairman David Chu (儲祥生) on Saturday said that Hon Hai is expected to detail its succession plan and assuage concerns over how the company will evolve without Gou, who dictates the company’s day-to-day operations.

“Investors have concerns about Hon Hai’s future direction in global business development, and the upcoming conference is a good chance for Hon Hai to face investors directly,” Chu said.    [FULL  STORY]