Foxconn to use proceeds from unit's Shanghai IPO to fund $4 billion projects

Taiwan's Foxconn, the world's largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totalling 27.3 billion yuan ($4 billion).

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Taiwan's Foxconn, the world's largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totalling 27.3 billion yuan ($4 billion).