TERRY GUO FACTOR: Following fluctuations in Hon Hai’s share price, FSC Chairman Wellington Koo urged investors not to ignore the contract manufacturer’s fundamentals

Taipei Times
Date: Apr 25, 2019
By: Staff writer, with CNA

The Financial Supervisory Commission (FSC) is to ask manufacturing giant Hon Hai Precision Industry Co (鴻海精密) to reveal its succession plan after chairman Terry Gou (郭台銘) confirmed his intention to run for president next year.

On the sidelines of a legislative committee meeting yesterday, FSC Chairman Wellington Koo (顧立雄) said that the commission would instruct the Taiwan Stock Exchange to the request that Gou makes known his plans to shift to politics from business.

Gou is the first-generation leader of Hon Hai, and as he now has a different career plan, investors would want to know whether the company has a succession plan, Koo said.

Gou, one of the nation’s richest men, last week announced that he would join the Chinese Nationalist Party (KMT) presidential primary, adding that the sea goddess Matsu supported to his decision.    [FULL  STORY]