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Thursday, 10/22/2020 12:04:34 PM

Thursday, October 22, 2020 12:04:34 PM

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This why we invested in this company. I hope they list on NYSE soon.

Foxconn Sells Alibaba Shares for $195.7 Million
11:07 pm ET October 21, 2020 (Dow Jones) Print
By Kosaku Narioka

Foxconn Technology Group said Thursday that it sold 630,000 shares of Alibaba Group Holding Ltd. in the U.S. for $195.7 million.

The Taiwanese electronics maker, formally known as Hon Hai Precision Industry Co., said it sold American depositary shares at $310.68 each and made investment gains of $130.1 million based on acquisition cost.

Write to Kosaku Narioka at

(END) Dow Jones Newswires

October 21, 2020 23:07 ET (03:07 GMT)

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