Focus Taiwan
Date: 2018/08/20
By: Chung Jung-feng and Frances Huang

Taipei, Aug. 20 (CNA) Terry Gou (郭台銘), chairman of Hon Hai Precision

Industry Co., is expected to receive more than NT$3.2 billion (US$104 million) in cash after the company issues heavy cash dividends to its shareholders later this week.

Hon Hai, the world’s largest contract electronics maker, is scheduled Friday to give out NT$2 in cash dividends per share owned by its shareholders for the 2017 earnings per share of NT$8.01.

As Gou currently owns about 1.62 billion Hon Hai shares, he is expected to pocket a total of NT$3.24 billion in cash dividends.

In addition, Hon Hai is also planning to cut its paid-in capital by NT$34.66 billion, or about 20 percent, to NT$138.63 billion.    [FULL  STORY]